Don's openings and more for 2005
- Thread starter Don Bright
- Start date
1 long fill, loser, -107.50
1 long fill, +122.50
1 long fill, scratch. Had too much patience waiting for a better ROI. 
Have a good weekend everyone. The NFL preseason starts tomorrow (yeah I know it always seems too early), so that means your beloved Steelers will be on the field again shortly...
Have a good weekend everyone. The NFL preseason starts tomorrow (yeah I know it always seems too early), so that means your beloved Steelers will be on the field again shortly...
No fills today or Friday....working with bootcampers.
Don
Don
2 fills, 1 long, 1 short, both losers (so much for being hedged). Got stuck in one or it would have been a scratch day. -237.50
Is the lack of posting on this thread indicative of the profitability of this strategy declining??
It's been declining for several years...unless you're willing to take considerably more risk and hold on to "shakeouts" for exceedingly longer periods until they hopefully turn back and go into the black. In that case this becomes something other than a pure opening strategy, which should be a quick flip on gap retracement. Some surely continue to do well, but that is most likely because they are very good traders with brass you-know-what, who hold onto losers until they turn (and perhaps average down losers, as well), rather than the continuing viability of the strategy in it's pure form. Some still feel the strategy gets you into a position with an edge because the specialist is gapping the stock only to fill a short-term order imbalance. That was certainly true years ago but anymore I believe there are more factors at play that render this assumption questionable.
Of course, if you're only looking to make 2 cents on a trade so you can market this to prospective newbies as a demonstratably profitable strategy.........