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No need for smart ass remarks. I clearly meant the position in the underlying alone b/c that's what he seemed to be talking about.

One of my co-authors and I once thought of doing a paper on how the stock market reacted to events of this nature (or there anniversaries.) Preliminary analysis showed days of mourning tended to have negative stock market returns. We didn't go beyond that though.

Thanks Seth, I don't think I can trade that early with TradeStation but that's definitely smth to consider. (not that I wanna get up that early as I'm in the Eastern Time Zone :)). As for the erroneous fills, what legal recourse do they have to bust those fills? Say the spread was...

what exactly do you mean by broken?

What's the earliest one can trade single stocks? I never do it before 8am and in looking over some NYSE TAQ data recently didn't see any prints from before 8am at all. I also agree on getting some bargains on occasion (including times when the other party made a mistake.

Hmm. And you are bragging about your grad degree. Setting a new 52 week high does not have to imply any momentum. The stock might have been chopping back and forth, the new high per se is thus meaningless.

???:confused: WTF? Who in there right mind would ever consider taking <b>ANY</b> position unless they had a VERY GOOD idea where it's gonna head next, regardless of the trading horizon.

Just read trough the whole thread (had nothing to do while moving some data around which takes forever. Ronbgelf, thanks for the link, dude! Laughed so hard my stomach hurts :D Maybe I should look through chit-chat section more often... Peace.

Ha, funny. It took me only a minute to figure out he did exactly that - only close the profitable trades (see my post above). I'd like to think I'm astute and rational :D Thanks for the link.

Post a link to where he was exposed :) This is funny. PS some of us only browse this place occasionally, don't follow the adventures you are describing - and are thus prone to fall prey to such misrepresentations.

...could that be b/c you only close the profitable trades??? :D From the list of your current open positions it appears your target profits are way smaller than the losses you are willing to sit on to wait for those gains to materialize. Doesn't appear to be a sound approach. You said if the...

You are right, the variables are numerous, but by limiting yourself to certain situations, you can isolate cases where that number becomes more or less manageable. And yes, there are cases where follow-throughs are more likely to happen than not. It depends on the size of the company and a...

I was one of those "others", I still stick by what Isaid, BUT I never said you could trade every day! In fact, I see a set up only on about 100 days out of the year.

Hi Don, why are you discouraging pre-open trades? I seem to make at least half of the money either in after-hours or pre-open trading.

It did for some. I remember seeing a firm in Atlanta that traded very effectively based on it.

summing the numbers up and dividing by N would have worked too :D LOL. Just kidding.

Center for Research in Security Prices (CRSP) database run out of the University of Chicago might be a good source. Any decent business school has CRSP database and they will let you use it if you ask them nicely. If I don't forget, have time, and you still haven't found it, I may download...

why not just ask the % annual return?

Deal and thanks. [B] Funny. I'll have to remember that one. :)

Can you read? I didn't say I had no clue. I have a perfect clue. I said I trade other people's money and can't reveal the numbers. I'll PM you.