1 long win on a small position, 2 short scratches, +50.
Just playing defense and keeping it black...
Just playing defense and keeping it black...
Don's Openings and More for 2006
- Thread starter Don Bright
- Start date
- Status
Used .45 on both sides
6 fills. 4 long, 2 short
SS AMD -.12
B BAC -.04
B JPM -.09
B HAL -.03
SS MDT +.13
B GPS +.03
Not used to this many fills and I have let some really good profits get away. I don't know how lescor and mschey do it. Had .30+ in HAL and ended up with a loser, JPM was another. MDT was OK, and I managed another short later for another .25. Of course it continued down.
Tightening the envelopes last few days has helped with number of fills. I think when you make the envelope too wide, you are more likely to get filled on break away gaps as opposed to a gap that will come in some. I will have to do some research into that.
6 fills. 4 long, 2 short
SS AMD -.12
B BAC -.04
B JPM -.09
B HAL -.03
SS MDT +.13
B GPS +.03
Not used to this many fills and I have let some really good profits get away. I don't know how lescor and mschey do it. Had .30+ in HAL and ended up with a loser, JPM was another. MDT was OK, and I managed another short later for another .25. Of course it continued down.
Tightening the envelopes last few days has helped with number of fills. I think when you make the envelope too wide, you are more likely to get filled on break away gaps as opposed to a gap that will come in some. I will have to do some research into that.
Program working better now...3 days in a row with small profits...I will kick it up a bit starting Monday (after expiration).
Don
Don
1 long loser, 1 short scratch, -95 net. And it was a struggle just to keep the loss that small.
3 short fills, 3 wins, +535
Was hoping for more fills on the Quad Witch. Oh well, you take what you get.
Have a good weekend. There may be some basketball on TV if you are interested...
Was hoping for more fills on the Quad Witch. Oh well, you take what you get.
Have a good weekend. There may be some basketball on TV if you are interested...
Used .45 for first 1000 and .75 for second 1000
9 fills, 8 short, 1 long
SS GPS +.08
SS MCD +.15
SS USB -.10
SS MOT +.21
SS WMT +.22
B AIG -.32
SS AXP .00
SS HAL +.16
SS HD +.02
MOT was the only one that filled both legs. AIG was a mistake. I normally send in all my orders and then cancel the ones I want to block. I missed a buy order. Really got the blood flowing this morning.
9 fills, 8 short, 1 long
SS GPS +.08
SS MCD +.15
SS USB -.10
SS MOT +.21
SS WMT +.22
B AIG -.32
SS AXP .00
SS HAL +.16
SS HD +.02
MOT was the only one that filled both legs. AIG was a mistake. I normally send in all my orders and then cancel the ones I want to block. I missed a buy order. Really got the blood flowing this morning.
MER kind of made my week today. Caught .60.
Looking over this weeks stats:
37 trades of 1,000 shares=$810 cm and fees(74,000 shares)
3 trades (less than 10%) accounted for 1.20 points or $1200.
I netted out about $1,200 for the week.
Conclusion: 90% of the trades I took this week covered the cost of doing business. 3 good trades made me the money. While I have not been doing this strategy for a long time, this week seems pretty typical for me. 10% of the trades will make or break me.
Do these numbers sound typical for you?
Don and Lescor have been doing this a long time, so naturally I would love to hear their comments as well.
Looking over this weeks stats:
37 trades of 1,000 shares=$810 cm and fees(74,000 shares)
3 trades (less than 10%) accounted for 1.20 points or $1200.
I netted out about $1,200 for the week.
Conclusion: 90% of the trades I took this week covered the cost of doing business. 3 good trades made me the money. While I have not been doing this strategy for a long time, this week seems pretty typical for me. 10% of the trades will make or break me.
Do these numbers sound typical for you?
Don and Lescor have been doing this a long time, so naturally I would love to hear their comments as well.
The results seem in line, but I wouldn't think about it as "90% Pay commish" or anything like that...70% profitable vs. 30% losses (at minimum) is what we look for....net bottom line is what we concern ourselves with.
Good work, keep it up...
Don
I had 28 trades for 29,000 shares and net of $764. I had two that really got away from me this week. The one today was just a dumb mistake, not checking that I had cancelled all my orders for AIG.
Another benefit of OO's is that you sometimes get some really good setups after the open. I tend to have a little better feel for stocks that I have traded from the open.
Another benefit of OO's is that you sometimes get some really good setups after the open. I tend to have a little better feel for stocks that I have traded from the open.
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