DISAGREE, execution speed of equipment is only part of equation, i.e if you have a trader w/ slowest reaction on fastest execution tech, he would still suck. what you are inferring is he who has the best trading platform wins. not true.
Don's Openings, Part 5
- Thread starter Don Bright
- Start date
DISAGREE, execution speed of equipment is only part of equation, i.e if you have a trader w/ slowest reaction on fastest execution tech, he would still suck. what you are inferring is he who has the best trading platform wins. not true.
your loss.
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Quote from MartinWeinberg:
All order that come in electronically are routed through the SuperDOT system. These orders appear in aggregate on the clerk's monitor, very similar to a level II screen. All the specialist knows is how much size in total he has available to him at a given level.
It's all about speed. If Firm A's routing can get the order into the system faster than Firm B, then Firm A will have an advantage, and will get their orders filled first.
actually Ron
Martin is referring to the NYSE rules. Nothing else. Whatever order gets to the NYSE first it will appear in aggregate on the monitor.
If a trader is slower to enter orders than another trader who is experienced enough to make a trade without hesitating -the guy who submits will get out first.
OO is a teaser strategy...
always giving the novice trader some hope.
when in reality its a "reverse approach" that actually works.
LEARN THE MARKET AND INDIVIDUAL STOCKS FIRST.
THEN USE OO.
OTHERWISE YOU WILL BE SPINNING YOUR WHEELS AND PAYING BIG COMMISSIONS FOR NOTHING(except probably lining the firm's pockets)
happy turkey day!
always giving the novice trader some hope.
when in reality its a "reverse approach" that actually works.
LEARN THE MARKET AND INDIVIDUAL STOCKS FIRST.
THEN USE OO.
OTHERWISE YOU WILL BE SPINNING YOUR WHEELS AND PAYING BIG COMMISSIONS FOR NOTHING(except probably lining the firm's pockets)
happy turkey day!
Been thinking about Don's favorite opening play.
Don's favorite opening play is when someone who is new to trading asks who is the best prop firm to trade with.
Don's favorite opening play is when someone who is new to trading asks who is the best prop firm to trade with.
Slow Wednesday, lost $140 on the opening.
Played BAC with some enveloping (testing new programs), and did pretty well. 56,000 shares making over 9 cents per trade....pretty happy with that.
Have a good Holiday everyone....and don't be modest 777, my day is made when I see a note from you!!
Have a good one....
Don
Played BAC with some enveloping (testing new programs), and did pretty well. 56,000 shares making over 9 cents per trade....pretty happy with that.
Have a good Holiday everyone....and don't be modest 777, my day is made when I see a note from you!!
Have a good one....
Don
Got 4 shorts REAL FAST.. :eek:
They all turned real red real quick too.
Managed to get out with my skin somewhat intact though.
short TXN -.05
short STM -.15
short ADI -.03
Short MU +.06
Hit the cancel all shorts button when these guys hit so soon. Found out I didn't miss much though.
Somedays you fade the gap, somedays the gap fades you...
Have a merry Thanksgiving everyone.
They all turned real red real quick too.
Managed to get out with my skin somewhat intact though.
short TXN -.05
short STM -.15
short ADI -.03
Short MU +.06
Hit the cancel all shorts button when these guys hit so soon. Found out I didn't miss much though.
Somedays you fade the gap, somedays the gap fades you...
Have a merry Thanksgiving everyone.
Another good opening...
5 for 5 today, +$2100 (1.05).
I really don't know why some are speaking poorly for the strategy, it works well for us...if it doesn't work for you, then please don't do it on my account. So many of my traders are concerned about diluting the market with too many people doing this.
Anyway, everyone have a great weekend, we'll be back to you on Monday..
Don
5 for 5 today, +$2100 (1.05).
I really don't know why some are speaking poorly for the strategy, it works well for us...if it doesn't work for you, then please don't do it on my account. So many of my traders are concerned about diluting the market with too many people doing this.
Anyway, everyone have a great weekend, we'll be back to you on Monday..
Don