Don's openings and more for 2005

Quote from dodger fan:

question for people that do over, say, 20 stocks. how do you track them all if most of them get filled? do you have automated routines to close them out? thx.
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Some people just use their position window to close half or all with market orders...some look at position window P&L, and monitor and close normally. Some have pretty elaborate programs to alert, send in trailing stops...all sorts of ways have been used over the years.

Don
 
Sleepy week. +45 on Monday, -180 Tuesday, no fills Wed/Thur, and one scratch fill on Friday.

Let's see if the Steelers can salvage their season against the Bears on Sunday...
 
Quote from Don Bright:

1. One, two, or three letters in the stock symbol, large cap.
2. Determine estimated opening price based on futures - FV.
3. Envelope that price.

We do trade all day....this is just a good way to start the morning with an uptick (usually, LOL).

It is just plain stupid to not trade during the first hour and the last hour of the day....(sorry to sound rude, but even my friends st Schonfeld saw the light a number of years ago).

Don
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Don,
Thank you for the response. Interesting strategy. I've read enough of your thread (sorry if I haven't yet read all of the thread vhehn:p) to see that you really are a gentleman.
Thanks again.
 
Quote from dodger fan:

question for people that do over, say, 20 stocks. how do you track them all if most of them get filled? do you have automated routines to close them out? thx.
More...

Some people use the P&L monitor, but I find that to be lacking. Suppose a stock spikes up 30c and then retraces 15c while you aren't looking at it. Now you look at it and think "OK, I'm up 15c in that stock" when in reality, you actually just gave up half your profit on that stock!

RediPlus has a few very nice features that make it easy to see that scenario. You really have to get in and learn about the platform in order to set it up properly. Most traders don't make the best use of their tools (trading platform in this case) that they should. I have a plumber's snake that you can hand crank or easily attach it to an electric drill and let the drill turn it. Can you imagine a plumber that would have a tool like this and only use the hand crank? That's the way A LOT of trader's are with their platforms. It's a shame! ( but less competition for me :D )

Cash
 
Quote from cashonly:

Some people use the P&L monitor, but I find that to be lacking. Suppose a stock spikes up 30c and then retraces 15c while you aren't looking at it. Now you look at it and think "OK, I'm up 15c in that stock" when in reality, you actually just gave up half your profit on that stock!

RediPlus has a few very nice features that make it easy to see that scenario. You really have to get in and learn about the platform in order to set it up properly. Most traders don't make the best use of their tools (trading platform in this case) that they should. I have a plumber's snake that you can hand crank or easily attach it to an electric drill and let the drill turn it. Can you imagine a plumber that would have a tool like this and only use the hand crank? That's the way A LOT of trader's are with their platforms. It's a shame! ( but less competition for me :D )

Cash
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i'm using ib along with esignal. still i would think that is is difficult to track anything over 9 or 10 open positions. automated closing of positions after they reach certain points seems to be the way to go.
 
Cashonly wrote:

Some people use the P&L monitor, but I find that to be lacking. Suppose a stock spikes up 30c and then retraces 15c while you aren't looking at it. Now you look at it and think "OK, I'm up 15c in that stock" when in reality, you actually just gave up half your profit on that stock!

RediPlus has a few very nice features that make it easy to see that scenario. ....



---- Cashonly, could you please post one or two screenshots of these "few very nice features" that you are referring to? I've been anxious to find these features anywhere, and have yet to find them anywhere. If you have them over at Bright, I would love to see them. Thanks!

++ Math_Wiz
 
30 Orders/15 Stocks, 2 fills

Winner: ABT (Long 1 cent)
Even: SLE (Long)

I was long ABT at 38.80, and was 11 cents in the $$ for ABT, but I didn't take it out.... thought it would close the gap somehow with the S&P futures gapped up 4 points... well.. guess i was wrong, but at least managed to break even on it b4 it tanked further :eek:

Back at it tmr...
 
9 fills 8 short/1 long .6 envelope. 5 winners 4 losers +$780

If i held them all for a few minutes longer, wouldve picked up 20 cents on EACH one. :( Oh well...you live, you learn.
 
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