Don's Openings and More for 2006

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Quote from chiguy:

i have kept track of my numbers but not times...

i have just started logging in p&l at specific times as well...

but based on what i see it seems that max profit is between 8:45 and 09:10...

losses tend to accelerate earlier...

i will have to work on a data base or something to keep all this straight...

looks like a lot more late nights
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In REDIplus I have over 400 symbols that I track for OO's. At 10:00 I copy this to a spreadsheet so that I can run some simple formulas to see which stocks had indications, which gapped up/down and by how much and also if, after gapping up/down, they then traded back in the other direction. You can also calculkate the MAE whjich helps in stop placement. You could also do this on daily data, but for OO's I like to see what the stocks did in the first 30 min of trading.

PS Try trading a little smaller and see if that helps you stay in longer. Good luck
 
Quote from chiguy:

i have kept track of my numbers but not times...

i have just started logging in p&l at specific times as well...

but based on what i see it seems that max profit is between 8:45 and 09:10...

losses tend to accelerate earlier...

i will have to work on a data base or something to keep all this straight...

looks like a lot more late nights
More...

Yeah, but worth it. I know some VERY successful traders who uses "time in a trade" as a very significant factor in determining when to get out... often, not even using stop losses.

If you're doing this with a spreadsheet, just write a macro that grabs the P&L amounts and throw them onto another worksheet in the same workbook... just the symbol, time, and P&L (I suggest per share or percentage as your trade size should not be a factor) and use the OnTime functionality to run it every 5 minutes. Then, periodically, you can look back at it and it's very easy to sort and subtotal in excel by time, symbol, P&L so that over time you'll be able to get a feel of what works best.

Cash
 
cash...

i know just enough to be dangerous in excel...

i will try to incorporate you suggections as i move forward...

thanks...

i can not seem to find the ontime function...

i am using office xp professional....
 
Quote from chiguy:

what is MAE...
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Maximum Adverse Excursion

Its a fancy way of saying "how much did that sucker move against me".

Seriously, it's just a measure of how far a stock moved against you. If you see that 60% of the time stock XYZ moves .10 against you before becomig profitable, then you just adjust your stop to say .12 so you catch most of those trades.
 
Quote from Arnie:

Maximum Adverse Excursion

Its a fancy way of saying "how much did that sucker move against me".

Seriously, it's just a measure of how far a stock moved against you. If you see that 60% of the time stock XYZ moves .10 against you before becomig profitable, then you just adjust your stop to say .12 so you catch most of those trades.
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thanks...
 
9 fills / 14500 shares

5 long / 4 short / +140.00

knew i was dead when i got filled on nsc (435.00) and hca (390.00)...i put in market sells as soon as i got filled and waited...

missed blocking hca on failed deal....

kinda funny got hosed in a stop in dis...rare...12 cents worse on 1500 shares...

all in all glad to be a little green...system says waiting was death...-4500.00 and growing...

-.55 / + 95%

tgif...

good thing i sold the 370p / 410c strangle @13.30 in goog...to bad it was only 2 times...
 
3 fills / 3900 shares...partial in emc

2 long / 1 short / +238.00

- .4 / + 1.1%

i also bailed on ABT too soon...sold mine @ 46.11

damn...:mad:
 
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