I just made $1800 profit(after commision excluded) for opening order only this morning(in 7-9 min). It is odd that nobody post a reply on opening only order strategy.
I guess those traders who know about this strategy, they wanna keep it with them selves.....
If you are a member of any professional daytrade firms, you might farmiliar with Opening only order(or at least you heard of it).
Let's talk about our successful strategy & experience on opening only order in detail.
How did your opening only order turn out this morning?
(If you put...
Dear praetorian2
1. Which NYSE stocks do you usually trade?(My guess is GE)
2. How long do you hold it?
3. What does make your decision to get in & out?
Dear zboy2854A,
What order route(ISLAND, BEST ECN, BEST, NASDAQ, etc) do you usually use for trading volatile Nasdaq stocks. Best ECN or ISLAND is fast, but it often gives significant price gap(higher than current bid & ask price).
Real Pro(who can access firm's capital) prefers NYSE becasue of centralized price system. Small guys like us or even big guys like you prefer NASDAQ because of volatility, up & down movement with speed.
1. Do you prefer NYSE or NASDAQ
2. Why?
JNPR moved very aggresively.
As you know, putting an order in Nasdaq, 99% never fills.
Do you guys use BEST ECN order route?
There are significant price gap between BEST ECN & NASDAQ.
Do you pay premium price for quick excution on BEST ECN?
Time to time, there are signaficant price gap between Island QQQ price & Amex QQQ price. When Island QQQ bid price higher than Amecx QQQ ask price, people with information(brokers,institutions,future traders) aggresively buy QQQ using Island. And the QQQ upside move goes up quite a while.
He became a trading firm branch office manager now.
He buys & sells GE between 2000-4000 shares
He never uses market order nor stop order, only Limit order.
If it does not fill, he cancells the limit order immediately
He does not blow what he figured out about GE specialist pattern