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You, guys, who have been doing OPG for a long time, how do you compare opening strategy's profitability and consistency with other strategies you're playing? Is it superior in your opinion? Does it make much sense to do anything else compared to OPG if you've become proficient in the latter?

I question the role of the specialist in the opening of an ADR. How is he supposed to maintain an orderly market if the stock is influenced by some other forces from other exchanges (and probably by arbitrageurs too). No, it's not. Have a look at google finance...

Do you guys believe including ADRs in the openings strategy (both MBT and TLK are ADRs) makes any difference to the results? Or it's completely irrelevant whether a stock is an ADR or not?

Lescor, please excuse my persistence, but I would like to hear your opinion about viability of the OPG strategy too:

I too am a long term professional plumber and would like to know what model of urinal you're going to hang in the garage of your new house. Can we now get back to sharing gems of knowledge, please?

Today: 5 fills, all shorts, -0.05 per share. Used 0.7% envelope. OPG experts, others than Don, who already did. Would you mind sharing EXIT techniques you're using? I, for instance, have a take profit order at 12 cents against the opening order sent automatically. If not filled, the rest...

Lescor, is this the only type of RTM you're trading or you're doing it in some other forms too?

That's why I asked Lescor earlier whether he trades s&p500 correlated stocks or not. These stocks move in tandem, and I see no much difference between trading one such stock, their basket or es/spy outright (and Lescor isn't a pairs trader either as was mentioned in the past). In other words, if...

Lescor, do you scale in and out only because of liquidity considerations or there are other advantages to it as well?

Lescor, do you avoid stocks (highly)correlated with s&p500 in your RTM trading? If yes, what criteria do you use to weed out such stocks (correlation coefficient, visual similarity, etc)?

But back to the original question. Once you start(ed) making good money consistently, Lescor, how would you protect yourself from unscrupulous brokers, prop firms, etc flagging your account and trying to frontrun you?

Lescor, suppose, you've got a strategy which is completely new to you, you start with a minimal size as you mentioned. Strategy shows positive signs. How soon will you normally decide it's time to increase and how big? A week, month? Two times, 10-fold? From your experience.

Booker007, what is the reason for specifying FV? Justification of long:short ratio?

Lescor, I too was hit hard by MXB on that day (2-Mar-10). If you don't mind, what did you do as it was rising beyond twice its usual range? Just kept averaging up? If yes, until when would you continue doing that? Also, Mcsi (MXB) was in the news on that day and day before. Did you pay any...

Lescor, what other sources besides market scanners do you use to find setups? Do you, for instance, have an end-of-day prices database on your computer so that you can search there and stuff like that? Or trade-ideas has everything you need?

Lescor, how many stocks do you normally watch (or your software watches) during a trading session? I mean those you're receiving real-time quotes for. Thanks.

Thanks, I took your advice into account. However, doesn't tightening the envelope dilute the "edge"? Like quality vs. quantity. The bigger the envelope, the purer the edge if filled, isn't it? And the smaller the envelope, the bigger the chance of a random fill. So it naturally feels that...

Don and others experienced in openings strategy. How do you select your universe of stocks you're trading? Based on market capitalization? Something else? Any hints? I trade DOW 30, but rarely get a fill. I'm fully automated and I programmed it to send an opening order only if midpoint of...

Lescor, will you share your entry approach? Suppose, your strategy generated a signal that something interesting is going on. Would you wait for a pullback and then enter or just enter directly upon strategy signal and then average down if price goes against you? Thanks.

Lescor, I know you didn't want to discuss details of your strategies, so hope my question is general enough, but if not, feel free to skip it. Did somebody teach you strategies you're trading now, or you have come to everything yourself? Do you use opening range breakout/ACD approach in...