Don's Openings, Part 5

Quick in and out of 3 for $660 (33 cents).

A little uncertain, told the bootcampers to be quick, and "practiced what I preached"....good exits so far....OK, back to it...


Don
 
8 longs, 1 short. 7 wins, 2 losses, +$1.15. Came within a few hundred bucks of beating my best week ever for opening orders, that magical 06/21 triple witching. This despite my second largest loss ever with the strategy on Tuesday.

The beers are on me this weekend boys!
 
Originally posted by lescor
8 longs, 1 short. 7 wins, 2 losses, +$1.15. Came within a few hundred bucks of beating my best week ever for opening orders, that magical 06/21 triple witching. This despite my second largest loss ever with the strategy on Tuesday.

The beers are on me this weekend boys!
More...

Good, glad to see the consistency, and the success despite a bad day this week. Keep it up!!

Don:)
 
Decent day,

Long LMT for +.55 on a slingshot

Long NE for +.50 same thing.. had an order sitting.. waiting to be hit.

CB was a late opener. I took my 58.66 opening order off, then looked at opening indications. Was indicating 57.50 x 58.50. Was going to put in an order for 57.75, but it opened up right then. It open up at 58.00 even, which means I would have gotten filled on my original opening order, and it would have given me plenty of grief real quick. Glad I missed it.


Don, would you put in an opening order for a late opening stock, or a limit order?


Now if I could only get the rest of the day to be decent. Keep trying to add to my day's profit and this chop is gnawing away at my P&L.
 
Good Job Tony!! ...On late opening stocks, I just make sure that my offer is in the top 1/3 of the opening indication on Redi (on the down side, we make sure the bid is in the bottom one third of the indication). Another thing to keep in mind is what the market is doing between the bell and your stock opening. If your stock indicates up....and market opens, sells off, and then takes off again to the upside, I would be a little extra cautious. On the other hand, if the market opens up, and sells off, and continues down, great....

Keep at it!!

Don
 
Thanks Don,

I am still somewhat unclear as to whether you keep the late opening order (in the upper 1/3 or bottom 1/3 of the indication range) as an opening order or change it to a limit order.

I question this because a limit order might be filed even if the stock opened in the upper 2/3 of the opening indication range, but quickly dropped down momentarily. (See CB Friday).

Maybe what I am describing is not part of opening orders at all.

:confused:

I dunno, just trying to figure things out.
 
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