Traders Laboratory - View Single Post - Tick chart for ES looks different than YM
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Old 10-23-2007, 08:26 PM
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Re: Tick chart for ES looks different than YM

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My view is simple Bear - if you can make money trading, would you rather have $12.50/tick or $5/tick? All things being equal, I want $12.50.

This is assuming of course your system makes money over time.
As a noob I look at it the opposite. Would I rather risk $5 per tick or risk $12.50 per tick? But I often think about fills and slippage between the 2. I'm a small timer so either could absorb my impact without a trace.

If/when I move up in lot size or feel my system is good to go I'll switch over to the ES and keep the YM for hedging use mainly.

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Price is simply the 2 way auctions method of advertisement. Volume measures the willingness of market participants to transact at the advertised price (AKA perceived value).
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