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    Don's openings and more for 2005

    I thought I was looking at PG=N in esignal, my bad. Sweet trade if you got it then. It took a while to settle into a range of about 10 cents the second half of the day. I was mostly just scalping the spread back and forth for a nickel, but there were several times that you could pick off...
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    Don's openings and more for 2005

    PG woulda been good, but you'd have to hold on for quite a ride the first 10 minutes. I pulled it today, but it looks like it opened at .80, immediately traded down to .50, came back a little then gapped down to .15 From there it was off to the races. I got a dollar out of it once the...
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    Don's openings and more for 2005

    Short C Long HPQ Look at the charts
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    Don's openings and more for 2005

    I started trading openings 3 years ago with a 1% envelope (that's 1% above and 1% below fair value). Very gradually over that time period it's come down to .7% as volatility has shrunk. On some stocks I tighten a bit more, very low volatility stocks or >$80/share in price. Over all that time...
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    Don's openings and more for 2005

    Do you normally trade stocks with news? Personally, I pull stocks with news, so I can't comment on how you would decide what is a gap that is 'too big'. That implies that news interpretation is part of your strategy. Is it? I never adjust my prices or skew my envelopes. As to systems...
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    Obtaining Trading Capital

    I was just responding to a blanket statement that sounded wrong, not commenting on the system being described in this thread. You said all black box systems either go with breakouts or fade them and that they depend on volatility. If I buy stock on one market and sell it on another for a 1...
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    Obtaining Trading Capital

    Wrong, way wrong. Are you familiar with arbitrage?
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    Obtaining Trading Capital

    Yes. Plus the 55 and 63 if it's an NASD member firm. The tests aren't hard, just require some study time.
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    Obtaining Trading Capital

    A prop place like Echotrade, Bright, Assent, etc makes most of their money on commissions. If you put up enough capital, you will keep 100% of your gains and be responsible for 100% of your losses. It's basically a retail account on steroids. You can do whatever you want and don't have to...
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    Obtaining Trading Capital

    You said in your first post that you would consider porting the code over to another system. Most prop firms have an api for fully automated trading and would likely be able to run your system no problem. You keep 100% of your profits and pay a third to half the commission rate that you based...
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    Don's openings and more for 2005

    Yes, the new short regs are a real problem. About 10% of my list is now un-shortable, even very liquid names like TYC and MWD. I'm with Assent, can traders from other firms please weigh in on this issue to compare. Thx
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    Don's openings and more for 2005

    113,400. Avg position size 4,000
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    Don's openings and more for 2005

    8 longs, 6 shorts. 9 wins and a scratch. +4200 gross, 3600 net.
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    tomorrow is rollover day

    All you have to remember is that it's the Thursday of the week before expiration.
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    Any Traders In S.W. Ontario Out There ?

    A free case of Great Western Lager to any other trader from SASKATCHEWAN.
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    Capturing MOC prices afterhours...

    If you send a market order a few seconds before the close, you'll probably get the closing price, and you'll know pretty closely what it will be. This would be a problem for shorts though because you won't get a fill if they close on a downtick.
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    Something to Think about - 2003

    Gotcha. I can't argue with you there. Daytrading is going to be subject to the whims of the market, some times better than others. Swing trading = bigger returns with less stress, I agree 100%, provided you are adequately capitalized.
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    reality check

    Each office has it's own vibe, depending on the guys in it and the way the bosses run the show. I've spent time in the Assent San Diego offce and it's the opposite of what you describe. Run by straight up dudes who bend over backwards to take care of their guys, a good, helpful crew of...
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    Something to Think about - 2003

    You can't talk about returns without considering the risk you had to take to acheive it. Consistency wins over the long run, and short-term or daytrading allows you to control your risk much more tightly than just buy and hold. If things turn down sharply, the buy and holders are out of...
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    Spreads on esignal

    Yes, just put a space in front of the math operator. zbm4 -znm4 or msft /intc. You can also do msft -2intc If you want to chart a spread that includes a whole number, such as the cash component of a merger spread, they still do not provide this capability. Ie ABC is buying XYZ for .5...
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