Don's openings and more for 2005

Don,

Thanks for the kind words and the kind offer - I may take you up on that if scheduling allows it.

It is true that having access to "continuing education" can make the cost of the original course more worthwhile. It is exciting that you think that the (advanced) course has improved so drastically. It would be interesting to see why...

nitro
Quote from Don Bright:

In case you don't know, the fee entitles you to a lifetime of free advanced classes, only open to Bright Traders...taught 4 times per year by my brother and our best traders. And, since they usually make the $1,000 back in a week or so of automated openings, I don't think it's outrageous at all.

Now, $3,000-$5,000 for a seminars by "book writers" who have no clue abou the markets is outrageous., LOL...

And, we have mentioned the $capital usage for openings, that's why I don't mind "revealing" how it is done...since retail traders (for the most part) cannot participate...that's why it still works so well.

Nitro, you're one of the "good guys" - you might think about coming back to our course (free of course)...we now have 8 hours or more of live trading during the trading day...and the classes have improved 1,000 percent....(this applies to all of you have come in the past). April is over-booked (45), but there is still a few spots in June.

Everyone have a good opening....I have to run, I have 20+ "Test Pilots" from the College and University who are doing openings for the first time, no training yet, with our money at risk...they risk nothing...that is how confident we are with the strategy.

All the best....to everyone!!

Don


Don :-):)
More...
 
Quote from lescor:

My base share size is set to 4500, but like Mike, I vary it for many stocks based on share price, volatility and how well the stock has worked for me in the past.

A stock like MOT or DIS I'm in the 7-9,000 share range. 2-3,000 for the higher priced, wilder movers.

It takes a while to be mentally comfortable with larger size and the p/l swings it will give you. But experience teaches you to trust your numbers and to just let your edge work for you over time.
More...

I am really stunned to hear this kind of size. When I did 3000 shares on stock like EDS, ACn which on average trade quite heavy but during opening and on light volume day can be tricky. I had to piece out and struggled to get out 1000 shares here, 1000 shares with NX and 1000 with market and different time in order not to get bad fill.
If you dont mind to share, how would you get out with over 5000 shares. Would you send market orders for 7000 - 9000 shares? Usually the spec will give very bad print if you do this.

Still no luck in my opening recently. Don's recent exeprience that is making a few hundred for several days then taking a hit for 1 -2 G that wiped out all profit seems to be more typical these days which was quite the opposite from several months ago. Still working with smaller scale hoping that trading environment will change for opening. In the meantime, I spent the time to do other things such as news or gapped down stock.


Thanks
 
I always scale out, both winners and losers. I also utilize ecn's a lot. I never dump my whole position with a single order. Sometimes a stock will make an outsized move on light volume and I'm caught down 50 cents with 5,000 shares on before I can do anything about it. Sux, but it's part of the game.
 
Quote from lescor:

I always scale out, both winners and losers. I also utilize ecn's a lot. I never dump my whole position with a single order. Sometimes a stock will make an outsized move on light volume and I'm caught down 50 cents with 5,000 shares on before I can do anything about it. Sux, but it's part of the game.
More...

I, too "scale out" - and I even "scale in" (especially to pairs, of course). One teaching goal is to help a trader get past the "I know if I cover my stock at this price, it will immediately turn around" syndrome...and if you "cover half" - then you're "happy" either way, either you make some money back immediately, or you're glad you covered half. Pretty basic stuff, but it works extremely well.

Don
 
Quote from Don Bright:

Stop, be really careful...a short term "apparent" correlation is quite deceiving. A short glimpse might make a male with long hair and a female appear the same with a short glance, but the differences become apparent at all the wrong times (LOL).

We start with P/B for similar industry pairs, then go back 3000 days for historical movements, compare them with 6 and 3 month relationship, adjust for market caps, etc. etc. etc. before even thinking about adding a new pair to our portfolio.

As far as trading the short term, in and out, go for it...but don't think about it as pairs trading (yet).

Just trying to help!!

Don
More...


Don,

... grey beards dislike long hair hippies that wear sandals...hard to see hair on knuckles until up close...LOL

thanks for the concern, perhaps i should've stated that i noticed the overlap while both stocks were in my trading plan individually and i saw executions/charts overlap. i believe i stated this but must've done so on another thread, around here somewhere.
i do agree that correlations should be tested extensively and that inefficiencies in such a study should not be taken lightly prior to commencement of trading a pair/hedge. it is amazing to me that you are willing to share your insight about trading in such a competitive environment where 'specialties' are required for survival in an evolutionary specialist marketplace. thanks for any info.


alex
 
23 new "test pilots" from the colleges watching...quick in quick out only $190...4 minutes. Gotta get back to setting them up.

Back to you all later.

BTW, "gray beards" happens....being 'hip' is still a state of mind... and you can judge by my Bob Dylan records....LOL....


Don:cool:
 
UNBELIEVABLE..........I HAVE NEVER SEEN A WORSE BAIT AND SWITCH DEAL IN MY LIFE. DON DOESN'T HAVE AUTHORITY TO MAKES DEALS MY ASS!

I WOULD FILE COMPLAINTS EVERYWHERE I COULD GO!

BETTER BUSINESS BUREAU, STATE SECURITY REGULATORS, SEC........SQUEEKY WHEEL GETS THE GREESE.
 
Quote from dwwu:

Hi Don,

Please respond when you get the chance.
http://www.elitetrader.com/vb/showthread.php?s=&threadid=38311&perpage=6&pagenumber=18

Thanks,

David
More...

My response was posted, in which I stated that it appeared that you chose to take the full payout deal rather than the profit split. Although I don't have all the facts in front of me, please email or PM me with all the details, account numbers, Series 7 exam (date passed), and a time-line. I will certainly check into it.

I think the thread was closed, since it is not a current event that we have going. I don't want any more mis-understandings. 1 in 500 is still too many.

We always prefer to discuss the arrangements in person whenever possible.

I apologize for any concerns, and I will await your email.

don@stocktrading.com

Also, I agree about Rob, Darren, and the guys in BC.

Don

 
You must log in or register to reply here.
Back
Top