Don's Openings and More for 2006

[Bitstream]

there's no q in my mind that the opening range is the most profitable moment for traders experienced and inexperienced alike.
look at today: all the losses and gains have been made during the first 10min, after that volumes dropped like a stone and r/r lowered so dramatically it was just not worth a penny riskin' entering a trade.
just a thought.

 

[sucre_estave]

2 small long wins, +105

 

[Arnie]

.7 for buys .6 for sells

2 fills, 1 long, 1 short

SS EMC -.02
B MOT +.11

 

[comfut]

3 short 1,000 shares of each

txn -$210

hpq -$79

xom +$40

Total net loss -$315

 

[sucre_estave]

4 long wins, +245.

Gave a bit back by being too patient.

 

[Arnie]

.65 for buys and sells

1 fill, short

SS TXN -.20

I adjusted my envelope on the buy side to 30.41 when I saw all the ECN's lifting just before the open. Should have been more careful on a strong gap like that with no news. Hedged with NSM and ended up OK.

 

[comfut]

Intuitively, I think I will only take buys on the 1st day of a month.

Does anyone have any type of statistics going back at least 12 months that might back that up?

There just seems to be too much money flowing in to fight it with sells.

 

[Shreddog]

Quote from comfut:

Intuitively, I think I will only take buys on the 1st day of a month.

Does anyone have any type of statistics going back at least 12 months that might back that up?

There just seems to be too much money flowing in to fight it with sells.

My intuition says the exact opposite. If there's automatic (irrational) buying on the open of the first day of the month, I probably want to be short. One of my best trades today was a short, FYI.

 

[lescor]

I looked at my stats for mondays going back 8 months (tuesday if monday a holiday). I didn't find a bias for wins or losses with longs or shorts.

I did however realize that I have not made money overall on Mondays over that time period. My win rate on Mondays was 58% vs. closer to 65% historically. Half of those 36 days were losers. It wasn't bad enough to make me stop trading on Mondays, but it was interesting.

 

[Don Bright]

Quote from comfut:

Intuitively, I think I will only take buys on the 1st day of a month.

Does anyone have any type of statistics going back at least 12 months that might back that up?

There just seems to be too much money flowing in to fight it with sells.

You may want to review your Stock Traders Almanac for "seasonality" days.

Don