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  1. L

    Don's Openings, Part 5

    What a rip, I had an order for T at 12.54 and wasn't filled either. I had it in a minute and a half before the open, I guess that's why. Overall, the day sucked again for me. 6 longs, 6 shorts. 5 wins/7 losses. VZ opened unchanged and shot straight up, giving me my biggest loss. And the...
  2. L

    Don's Openings, Part 5

    Today was not my kind of open. I had 25 fills to begin with (36% of orders filled, the highest ever). A good mix of longs and shorts, 15/10. I do not handle that many positions very well, as I get overwhelmed with it all and can't focus properly on any of them. My strategy for days with big...
  3. L

    Don's Openings, Part 5

    Not only was there big news in that sector today (TXU), but they are a crazy bunch to trade, just all over the place. I've had AEP and D on my list for over a month now and I think I've pulled D every single day because of news or the chart pattern. You can make good money trading the opening...
  4. L

    Don's Openings, Part 5

    Second best day of the year, almost eclipsing what I made all of last week. 9 longs, 3 shorts. Only two losers, caught on the wrong side of ABT and WYE, but I had reduced the size in them because of sector news. Grossed $2.34, but had big size in some little guys that only gave me 10-15...
  5. L

    general background for this board ????

    33 yrs old, wife, 2 kids. Went to a community college to become an EMT and spent 10 years as a firefighter/paramedic. Ran a business on the side and traded part-time for about 7 years (almost none of it profitably) before going full time in January.
  6. L

    Don's Openings, Part 5

    I did not enter an order for IBM on Friday because of news. But if I had, my sell price would have been $59.00 based on a previous close of 57.58, 0.92 beta and the market opening 1.58% above fair value. I obviously would have been filled, and it looks like there was plenty of time to get...
  7. L

    Don's Openings, Part 5

    Not really seeing a big difference between the two. The biggest concern with thinner stocks is exiting in a fast moving market. When I pick stocks, the thing I want is a specialist that will let you out ok. If he just freezes the tape and waits a few minutes then prints everyone in one big...
  8. L

    Don's Openings, Part 5

    Well, I end the week on a loser. I canceled all unfilled short orders soon after the open when it looked like the 'gap and go' was happening. Still got 3 shorts and 4 longs. 3 wins, 3 losses and a scratch, -.47 gross. But two of the losers were nasty, -.51 on GCI and -.47 on PEP. There was...
  9. L

    Don's Openings, Part 5

    I'll tell ya, these last 5 weeks have been smokin' for me on the openings. I've been through the valley of darkness before and I'm sure I'll visit it again, but in the mean time I'm makin' all the hay I can. I've outlined my basic methodology for the openings a few times in these threads...
  10. L

    Don's Openings, Part 5

    7 longs, 5 shorts. 6 wins, 5 losses, 1 scratch. $1.11 before commissions. The only bad loser was ONE short, pretty bad slippage on that market order, but I expected it. Bailed on the shorts at the right time and let the longs run a bit.
  11. L

    what to do when you're screwed

    I think you are a candidate for a prop trading firm. You have experience and knowledge, you just need someone who can shape it for you. Spending time in an office with succesful traders and someone who will help you could be what you need to nudge you in the right direction. Once it clicks...
  12. L

    Don's Openings, Part 5

    4 longs, 2 shorts. 5 wins and a scratch, +.75. Out of some great trades just a few seconds too soon, right before a nice gap.
  13. L

    Don's Openings, Part 5

    Yes, kick out the losers, the ones that trade poorly off the open. Increase your size on the ones that trade well and have the highest win rate. Press your edge, and worry about avoiding the big losers instead of missing the big winners. AIG is a bitch if you are on the wrong side and I...
  14. L

    Don's Openings, Part 5

    A dream day for me on the openings, one of my best ever. I had 9 longs and one short and a 100% win rate. $2.43 before commissions, $2900 gross. And to top it off, I upped my base size to 1600 shares today. But many of the stocks have been so active lately that I cut back the size on a lot...
  15. L

    How much are you making / losing now ?

    The problem with % returns on equity is that for a professional daytrader, it's a meaningless number. You are trading the firm's money and sometimes don't even put up anything of your own. If you put up $5,000 and earn a 200% annual return, that sounds impressive, but you'll still be broke...
  16. L

    Don's Openings, Part 5

    5 longs, 2 shorts. 5 wins, 2 losses, .53 before commissions. Was 4 for 5 this week and will be stepping up the size again next week.
  17. L

    What kind of person...

    What I did for 10 years before trading, firefighter/paramedic. Corey
  18. L

    Don's Openings, Part 5

    I don't know how much that wacky sell program yesterday is going affect things today, but it could. There were some wild gaps and because it happened so late in the day, many stocks were still moving up, but hadn't closed the gaps by the close. There were also some gaps on the closing prints...
  19. L

    What is the symbol of emini on Quote.com?

    The globex symbol for the Dec contract is EST2, should work for most quote services.
  20. L

    Don's Openings, Part 5

    Well the oo win streak ended today at 7. Whacked in BAC and MRK, the others were all wins, but not big enough to compensate. They sure traded like there was some news, I must have missed something. That's my first ever loss in BAC. Got filled at a profit in both of them with a slingshot...
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