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Poll: How many ES contracts do you play on average per trade?
Updated: Views / Replies:5,839 / 12
Created: by Fadi Attachments:0

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View Poll Results: How many ES contracts on average do you play per trade?
1 to 5 contracts per trade 97 77.60%
6 to 10 contracts per trade 12 9.60%
11 to 15 contracts per trade 3 2.40%
16 to 20 contracts per trade 2 1.60%
21 to 25 contracts per trade 0 0%
26 to 30 contracts per trade 2 1.60%
31 to 35 contracts per trade 0 0%
36 to 40 contracts per trade 0 0%
41 to 50 contracts per trade 2 1.60%
more than 50 contracts per trade 7 5.60%
Voters: 125. You may not vote on this poll

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Poll: How many ES contracts do you play on average per trade?

  #11 (permalink)
Elite Member
New York NY USA
 
Futures Experience: Beginner
Platform: esignal, ninjatrader,
Favorite Futures: Stocks
 
Posts: 110 since Oct 2012
Thanks: 54 given, 29 received

Judging from the results it might be statistically more interesting if one through ten were each their own individual category. You see how lopsided the one contract result is. And then to also to compare the results to experience levels would be interesting. Almost everyone with under a years experience will be trading one contract on average. Although, as I have learned from reading this forum, that is in many ways more difficult than trading several.

one contract for me. (two rarely) Under one year in futures.

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  #12 (permalink)
Elite Member
Bangkok, Thailand
 
Futures Experience: Beginner
Platform: NinjaTrader
Broker/Data: IB, Stage 5
Favorite Futures: Futures
 
Posts: 12 since Jun 2013
Thanks: 27 given, 1 received

A slightly different approach...

Interesting thread - a shame that it seems to have run dry so soon!

To determine my appropriate contract size, I first quantify how much of my trading capital I am willing to risk per trade, say 1.5% as an example. I then decide on how many ticks my stop loss should be - let's say 8 ticks (max - prefer 4 ticks if watching order flow). From the above information, it is quite simple to work out how many contracts to trade on the assumption that your stop loss gets hit and you lose 1.5%.

I therefore normally trade 5 contracts. I write the above with the ES in mind as it's a thick market so generally it's ok to get fills even in to the hundreds of contracts.

Would appreciate comments on this approach, as to me it seems one of the most simple aspects of trading the ES!

TheBoy

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  #13 (permalink)
Elite Member
London, UK
 
Futures Experience: Advanced
Platform: TT, CQG, esignal, TWS
Favorite Futures: Futures, spot FX, Energy Spreads Prop Firm
 
Posts: 61 since Jun 2011
Thanks: 16 given, 55 received


During RTH you can clip 1000 contracts with no slippage, the ES is a beast. From my observations clipping around 150+ during RTH has the potential to change immediate price behaviour. By this I mean others will note and react to that size. For example if a 500 lot goes off and the guy takes nothing but heat you know he and others will likely puke soon. Large trades at prop firms typically clip 50s and 100s with a 1000+ limit mainly for queue position purposes. .

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