Just wondering how quickly you can close an open position on the eminis s&p 500.
Currently Im playing the sim on NT and I'm doing ok when I scalp after a break out but im scalping one tick one way then reversing and scalping the other way. My question is on NT once I have an open position I just press close to close OUT the trade. Is closing it instantaneous or do you have to sell or buy back the contract to close out?
If its the latter, how quick can positions be closed out. Im aware that it depends on the amount of bids/asks but in general in a liquid market can you close out in less than a second on average?