Search results

I post here to get new ideas and understand the open, which includes what works and what does not work. If you stop trading every strategy that had a bad week you would never learn much. If you think about it, its much more benefical to the writer to post when thing are not going well...

Its my opinion that 20 new traders placing open orders at only 20,000 shares in IBM would without any doubt in at least my might make a difference on IBM fills. It might just be 5 to 10 cents, but that is 5 to 10 cents less profit. 20,000 to 40,000 shares in IBM could easily on some days...

The opening print for bzh was for 1,800 shares so 1 to 2k shares is large for BZH. Today There could have been a order in at 57.06 and the specialist step in front and provided price improvement on the order to fill it at 57.07 and the Open Only traders with his limit open order at 57.06 did...

I used a .9 envelope and had no fills. No fills is ok with me, I want profitable fills. MWD is on my list too, it would of took a .6 envelope to get a fill or you did not use the last 9:15 future price. good trade though

I had no fills on friday and no fills one day the week before and several one fill days. Fills seems to come and go with Open Orders and so does profitability. The recent lack of fills is a little surprising to me because the market has been volatile and that usually helps OO; more fills and...

IB will cancel nyse orders and fills them on instanet, island or use TMBR. They do it with my limit orders. All in all i am very happy with tmbr, and i usually use smart ordering but sometimes (mostly with a big spread) i send my order directly to the nyse.

Some post they avoid news and others post that they don't avid news stocks. People use the word news like there is news and no news. Its, of course, as we all know that have traded for awhile is not that simple. Most or all of the stocks i trade on the open have several news stories...

some people post and rip people without reading the whole message. I too got a buy-in notice on UAL at IB. I bought on wednessday. Ticked me off. I almost did not buy just to see what happened.

I use IB and ever once in a while i have my order not filled. I have never heard a good explaination. Some have said the order needs to be in 2 minutes before the open and i know many of my orders are in 10 minutes before the open. I have tracked my orders to see how many fills get...

glad to hear noone got killed on VZ, SBC, or BLS. maybe the ugliest opening ever. no chance to get out. its only a miricle that i avoided the huge loses and did not place orders on these today.

I took a look at the KSS time and sales and it was ugly. If you waited for the pullback and played it perfectly and got luck to get filled you might of lost just .25. The opening print was for only 22,100 shares, not very large. I bet a lot of open only traders caused the open to be a bit...

No reason to get rid of a stock just because it moves 30 cents in two prints, every stock on my list has done that. MRK has been a consistant big winner for me and MRK did that twice in one week to me in December. IMHO the key is to know when to get out fast and when to ride it out for the...

I signed up for esignal last week, because of the new IB deal. Esignal's datafeed has been has been very fast for me. Charts download instantly. I live in orange Co. calif, just north of you. Maybe you could move up here. Good luck tony

Rtharp way of having the prop firm reimburse expenses would greatly decrease the audit risk, so its a great idea. Declaring trader status would have no impact on the deductability of trading expenses if you where audited. you would have to prove that your trading activity was substantial...

A second thought about your problem. Several thousand dollars not placed in your account for weeks. You need to keep better records. Threat this like a business and keep track of your cash. I reconile my cash every day

I had the same problem once with a deposit i had to IB placed in suspense and noone called me. When the money from my wire did not get credited to my account i called them that day. Something in my deposit notification was not in the form IB likes. IB told me the wire was in suspense and to...

Self employed people have the highest audit rate. So since you are already self employed, the extra trader sch. C should not increase your audit risk very much. I do not think hobby loss rule apply to traders. As others have stated the issue will be if you qualify as a trader. Your trades...

MRK kicked me in the ass today. There goes the profits from last week, which was a great week. After 7 straight good days in a row i got greedy and paid a big price. I learned another lesson today, when will i ever learn. Someday it will sink in. Good luck to everyone.

Don, I thought your answer was quite specific. As for Don's compensation package / ownership stake, its very personal and nobody business. I think is obvious to all that a guyed named Don "Bright" who works for a company called "Bright" will make money if the company takes in more money.

Enveloping is easier than the exit but if you don't price the Open orders well you will get killed. When to Cut loses quickly is very difficult to determind. Many fills go against you right from the open but bounce back to even or a profit in a minute or two. Others just keep on going and...