Don's openings and more for 2005

2 fills.

long 600 TER... didn't do anything... pretty lame.

short 600 BC. took off up 1$, came right back down... short at the bottom, got out near top, went long at a high level, lost on that too... lost another $100... now down 700.

settled down and managed to make $600 on that POS stock... so many players... discovered it was sensitive to buyers, bought some stock and watched it fly up.... talk about insider trading... i don't see any news, but take a look at what it did yesterday...

mnx
 
When a stock makes an outsized move like BC did yesterday, I will usually reduce share size in him for the next, or often next few days. There's a good chance that the volatility increase will last a couple days and greater volatility=greater risk, thus reduce size appropriately.

I still haven't gotten back to full size on FDC, probably monday.

As you have probably learned by now, thinner stocks require a strong stomach and smaller size.

December off to a super start for me with back to back stellar days, +3300 yesterday, +4500 today. More fills than usual to boot. 15 today with 12 wins and 3 scratches.

Quote from mnx:


short 600 BC. took off up 1$, came right back down... short at the bottom, got out near top, went long at a high level, lost on that too... lost another $100... now down 700.

settled down and managed to make $600 on that POS stock... so many players... discovered it was sensitive to buyers, bought some stock and watched it fly up.... talk about insider trading... i don't see any news, but take a look at what it did yesterday...

mnx
More...
 
Quote from lescor:

When a stock makes an outsized move like BC did yesterday, I will usually reduce share size in him for the next, or often next few days. There's a good chance that the volatility increase will last a couple days and greater volatility=greater risk, thus reduce size appropriately.

I still haven't gotten back to full size on FDC, probably monday.

As you have probably learned by now, thinner stocks require a strong stomach and smaller size.

December off to a super start for me with back to back stellar days, +3300 yesterday, +4500 today. More fills than usual to boot. 15 today with 12 wins and 3 scratches.
More...

yeah i saw that move from yesterday after I got the fill... insane!
not sure I have time to check the charts on a couple hundred stocks in the morning. i guess that's why you guys pair the # down to a managable level...

mnx
 
No fills today...I even left DIS in after the news items...oh well, back at it tomorrow.

BTW, I'm thinking about expanding this particular segment of trading for 2006, but still want to maintain a "simple strategy that anyone can do" approach for "sharing' and educational purposes.

Do you guys think that by expanding the whole program to a point of using my other spreadsheet approach would turn off new traders??

We've pretty much shown everyone the basics over the last few years, here on ET....will it look overbearing or pretentious to share a higher level of trading with the board? I, of course, like showing the newbies, but perhaps it's time to expand the horizons.

Input appreciated...

Doon
 
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