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I thought it was one of your rules not to place opening orders on stocks with earnings?

It's a problem at many firms since the new regs regarding short delivery for bd's came into effect Jan 1.

Decent day today. 4 longs, 1 short, +1436

The series 7 exam is essentially a reading comprehension test. Most of it has no application to trading either. Just read it all thoroughly, take notes and do the practice exams over and over. Pay particular attention to municipal bonds and options, the two largest segments of the test.

NBBO, what are you trading in Brazil? adr's, spiders, brazilian listed stocks? Sounds interesting. Here's my main position trade account for today. A few small positions in my retail acct were up a few hundred, and (very lame) daytrades in my 3rd account were +$600. Above average day...

When evaluating a strategy it's expectancy that you want to focus on, and R:R is only one component of that. Expectancy is calculated as win rate * avg win - loss rate * avg loss For example, if you win on 30% of your trades for an average of 5 points and you lose 70% at an average loss...

I live in Saskatoon and make more than 99.99% of the population. Money goes a long way here, so if you're doing well it's equivalent to making a lot more elsewhere. It's actually a pretty nice place to live. If anyone knows anything about the Saskatoon Swift branch, drop me a line, I've...

I rarely trade nasdaq stocks, and even more rarely the highflyers. But the term "chinese google" was just too good to resist. I entered with 50 shares within minutes of it opening, then added 10 shares every 2 bux down as it went against me. Was pretty close to stopping out before it...

So you're asking for anyone with any kind of good strategy to spell it out for you. Good luck with that.

http://www.elitetrader.com/vb/showthread.php?s=&threadid=52490

Keep in mind that fair value is calculated based on where futures are trading pre-market. This obviously can change between the time you send your orders and when stocks open for trading. The later you send, the better chance you have of having an accurate fair value number. VSH got me...

You're asking if anyone here would accept free money? Put me down as a yes.

I have found the opposite, openings tend to do better in periods of increased volatility. As too the effect of ARCA/nyse merger, only time will tell. I have no idea at this point.

No, performance is not correlated to market direction.

http://www.elitetrader.com/vb/showthread.php?s=&postid=798417#post798417

So it sounds like you are saying that the opening order strategy is one with a negative edge, that anyone who's made money with it has done so only because their luck hasn't run out yet. I've traded this strategy consistently for over 3 years now. I have done over 5,000 trades, every one of...

If you want to call this gambling, then at least call me the HOUSE!

Wow, I did the EXACT same thing yesterday, put the fv in as a negative number. The gap size showing on my spreadsheet just seemed too out of whack with where es was trading and I was trying to figure out what I did wrong. Luckily found it with 30 seconds to go, just enough time to cancel...

A lot of traders I know, including very succesful ones, talk about money. It's the main theme of our business. Society may spurn the idea of talking about one's income, but among traders I've found it to be different. And as MK has pointed out, just because you are a million dollar trader...

Think about it. Corporate bond managers are bullish, as they have been for quite some time, save the major scare the GM debt downgrade gave them. The market stared into the abyss on that one and came roaring back. GM couldn't torpedo the corporate paper market, which further emboldened...