Don's openings Part 3

4 fills today, one loser

I came up with -2.85% opening pricing;
my estimate since it was bouncing around

didn't bother with short opg's
made money but commisions ate up alot of it


Mark
:cool:
 
great open order day.all my stocks would have worked.unfortunatly all the crash talk shook me and i widened envelope too much and only got i fill.+.75
 
Originally posted by vhehn
great open order day.all my stocks would have worked.unfortunatly all the crash talk shook me and i widened envelope too much and only got i fill.+.75
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Good job....as my brother says "just like picking up $100 bills off of the floor"....:-)

We should set a firm record for this strategy alone. Some made $15,000-$20,000 again today.

Don
 
4 fills -- +70 cents. i had a major problem not being able to get out of my positions because i had my Order Entry set to default OPG (to make it easier entering the pre-market orders). i SWEAR i changed the default back, but no dice. could've been better, but i'll take it.


don, those are mindboggling numbers, and granted this month has been well above average for the strategy, but how are they coming up with those numbers. are they just trading larger size on the same 20 stocks or so, or is this the group that enters hundreds of orders? thanks for everything don. i'll be coming to your seminar at some point.
 
Originally posted by dafugginman
4 fills -- +70 cents. i had a major problem not being able to get out of my positions because i had my Order Entry set to default OPG (to make it easier entering the pre-market orders). i SWEAR i changed the default back, but no dice. could've been better, but i'll take it.


don, those are mindboggling numbers, and granted this month has been well above average for the strategy, but how are they coming up with those numbers. are they just trading larger size on the same 20 stocks or so, or is this the group that enters hundreds of orders? thanks for everything don. i'll be coming to your seminar at some point.
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These bigger numbers are obvioulsy being generated by our "seasoned" traders who enter a couple of hundred (or more) orders each day...and their size varies from sector to sector. But even the 20 stock guys are doing well this month...looking for a good month as I said!!

See you in Vegas at some point!!

Don
 
Only put in buy side orders, 1% envelope. But I reduced my size from my usual 1300 shares to 500, just because we were way off the chart in terms of how far down the market was opening. I was experimenting with the system under these conditions as much as anything.

5 fills, only one loser, made $500 after commissions.
 
Originally posted by lescor
Only put in buy side orders, 1% envelope. But I reduced my size from my usual 1300 shares to 500, just because we were way off the chart in terms of how far down the market was opening. I was experimenting with the system under these conditions as much as anything.

5 fills, only one loser, made $500 after commissions.
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Good job....I understand your reluctance to put in more shares (this one time)...some others did the same thing. Overall, however, these are the days that we "live for." Big percentage moves in the market without big negative news on the stocks themselves....

Don
 
I agree with you Don, but the only thing I was thinking of was how the market traded on September 17-20, 2001. The 21st was probably the best day ever for opening orders. Do you remember how you did on the other days that week?
 
Originally posted by lescor
I agree with you Don, but the only thing I was thinking of was how the market traded on September 17-20, 2001. The 21st was probably the best day ever for opening orders. Do you remember how you did on the other days that week?
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I don't put too much credence in past events to current times. I try to simply trade and evaluate the results...I actually don't have the numbers in front of me, could have done poorly, and like I said, if you feel more comfortable with lesser share size, then great...just as long as you are continuing to make money with the strategy.

Don
 
Don, would you ever consider using envelopes bigger than 1% on each side under certain market conditions like today? If no, why?I used 1% and a couple at 1.2% today. Only did the buy side today and got 2 filled (average 50c). Didn't make too much since I'm still experimenting with 200 shares.
 
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