Don's Openings and More for 2006

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wait a minute

using Stop Limit and Limit (loss) orders from the man who said he doesn't use them?

I missed something when the speeding car went around that corner...



Quote from Don Bright:

What's all this baseball stuff...get back to work (LOL)...

OK, I think (hope) that my spreadsheet is working correctly...and I hope I don't jinx anything by starting fresh in April here with daily/weekly postings.

April 3 +$300
April 4 +$800 pretty good start.

I'm sending in two layers at this point on 51 stocks. 2,000 shares first layer, 1,000 shares second layer (I want to be sure that the wider openings are, in fact, more fruitful).

I have my automatic retrace order set at half of the shares (either 1,000 or 1,500 depending on number of layers)..and for 6 cents only. I am manually entering the other half or slowly letting them out if the stock is going my way. I am not using the automatic stop loss yet, but will as soon as I have it trigger from the "last" vs. going in from opening price. I'm hoping to wait for a 12 cent print against me and then sending in a limit order for half a nickel above/below bid or offfer. For now I'm happy to watch for "red" in my position window.

OK, let's hope for no "jinx" - I have made money 14 of 15 days, but as I said, will post starting with above.

All the best,

Don:)
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"wait a minute

using Stop Limit and Limit (loss) orders from the man who said he doesn't use them?

I missed something when the speeding car went around that corner..."



You probably miss alot of things if you dont adapt to changing markets or revise trading strategies so that they work better for you. So what if Don wants to use a stop loss now ??
 
its just that he speaks out of both sides of his mouth. rationalizes and acts like trading is simple, to attract "new talent" whereas his brother seems to walk the walk.
 
6 fills / 8300 shares

5 long / 1 short / +480.00

-.95 / +.55%

super hose job in slb... filled my 61.00 stop at 60.75...(low of range)...ran it to 61.25 right after...

all exits were manual except slb as i couldn't cancel my stop order in time...

stops and oil / oil service stocks don't mix...

but all in all an ok week...tgit
 
Quote from waterboy:

It may have been in connection with Don's new
"Automation" program, putting in more orders, different levels, etc
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what's this new approach?

I guess, if someone answers, then they'll say it loses the edge by making it public or talking about it..

guess there's no peace, huh?
 
Quote from burdbrain:

what's this new approach?

I guess, if someone answers, then they'll say it loses the edge by making it public or talking about it..

guess there's no peace, huh?
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I didn't know "automation" was a new approach.

It sounds like, what was mostly manual is now being automated.
To allow for more order entries and more fills, and more $.
 
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