Don's Openings, Part 6 2003

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Didn't make the opening today....my "red eye" flight from Las Vegas to Atlanta was delayed for 4 hours....so I got here at about 6AM.....had to get a little sleep.

Hope to see some of you over the next 3 days here in Atlanta for the technology demonstrations....Check the website....


Don
 
$25 caps on all trade???

Say I buy 15k shares of WMB, How much would it cost me?

by the way, how much would the exchange and sec fees be?

thx
 
Quote from Don Bright:


Once again, it's more important (in my mind) to look at the pre-opening indication...rather than the time elapsed without opening the stock. Adjust your opening only prices based on the indication, and you should be ok.
Don
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Thank you. I don't have access to opening indications though IB or eSignal, unfortunately.
 
Quote from howardy2k:

$25 caps on all trade???

Say I buy 15k shares of WMB, How much would it cost me?

by the way, how much would the exchange and sec fees be?

thx
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Yes, $25 cap on all listed orders (plus sec fees where they apply, we have no control over those costs)....

Don
 
Slow opening, only BMY made 14 cents ($280).....Back to it tomorrow. Got set up in the Atlanta office, trying to "max out" the whole system by bringing in about 20 traders, filling all the stations.....everything seems to be working fine (whew, really)....

"Live from Buckhead (sort of)"

Don
 
Quote from NYNY:

Hey Don,

I am very interested in creating software. I know you use an automated system for entering your OPG orders. I assume this is proprietary.

Does this work with an order entry system like Redi or is the sofware all in one?

What kind of code do you think is best for these types of programs? C++, VB etc. Again I don't know much about software so bear with me if I say something which is not kosher.

Don, appreciate any help in regards to software.

I WISH I TOOK COMPUTER SCIENCE IN COLLEGE!!! Majoring in Finance was a waste of time and money.
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You might want to contact Rob Friesen at www.pairtrader.com (one of our managers and also a software developer), he may be able to save you a whole lot of time and money. Feel free to call me in the office with questions as well.

Don 800.249.7488
 
don, this is a basic question, but you have said that it is paramount to this strategy. (exiting). are there any quality books about tape reading. how can one not experienced in this skill gain strength in it. i appreciate your response.
 
Quote from Boomer:

how can one not experienced in this skill gain strength in it.
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I looked for books when starting out too...couldn't find one--most likely for the following reason: this skill is caught, not taught. it took me about 8 months full time nyse trading before the lights went on. at that point, trading becomes automatic. most tape readers can't explain it, although I did take a weekend tapereading seminar at the prop firm I was with which was of some help as well.
 
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