Don's Openings and More for 2006

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Quote from Midas:

Don,

How do you see the new hybrid model effecting OO trading?
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So far, no changes that I see. It is more important, however, that you get your "slingshot" orders in quickly so that if they sweep the book, you'll get filled.

Don
 
Nice Wednesday +$752 on 5 fills. Good example of "slingshot" - went in from program to pay .67 on JPM, got .60 on the sweep...nice!

Back at ya tomorrow!

Don
 
Quote from Don Bright:

Nice Wednesday +$752 on 5 fills. Good example of "slingshot" - went in from program to pay .67 on JPM, got .60 on the sweep...nice!

Back at ya tomorrow!

Don
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What is "slingshot"?
 
Quote from kwancy:

What is "slingshot"?
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An immediate retracement order to participate with the Specialist if he makes a quick trade after the opening.

Perfect example this morning. HAL opened at 31.00, my computer put in a sell order for 25% of the shares at 31.06, the stock immediately printed 31.15, and he had to include my shares...then the stock went right back to 31.06-31.09 or so.

BTW, any new guys should go to the "How does "Market Open" affect your trading thread under "Trading" - Lescor did a great job of explaining the strategy, and I helped a bit.

Don
 
Took a nice extended break since the 22nd, and from the looks of it, everyone but Don did as well.

I'm assuming you are going to start a 2007 thread Don, so I'll wait to post today's result.
 
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