I had late fills in FNM and FRE on Monday, cost me a couple of grand.....since I didn't even know I was filled until an hour after the stock opened (damnit!!)..
Tuesday was ok, about $300....
Don
Tuesday was ok, about $300....
Don
Don's Openings, Part 6 2003
- Thread starter Don Bright
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can you elaborate on that please?
tnx
Purely my fault....I had my "open order" window defaulted to LEH, and so when I double checked to see if I had any orders still active, it showed that I did not....but I did, and then I got busy downstairs.....
Don
As seisan said, only $100 today (5 cents)...1 fill AOL (shoulda made more).
Don
Don
A tale of woe!
KSS today; absolutely no news. Stock opens at 52.5, up $1.44.
A great opening short right? Never trades even .01 lower on its way to a high of 54.80+
Don, anybody; what does one do about that? While your busy unwinding the "winners" for 10 or 20 cent profits, the KSS's of the world can cost you a point or more. Beginning to think this strategy makes no sense. Sure you may have more winners than losers; but you seem to lose alot more $ on those losers than you make on the winners. Any words of wisdom out there?
KSS today; absolutely no news. Stock opens at 52.5, up $1.44.
A great opening short right? Never trades even .01 lower on its way to a high of 54.80+
Don, anybody; what does one do about that? While your busy unwinding the "winners" for 10 or 20 cent profits, the KSS's of the world can cost you a point or more. Beginning to think this strategy makes no sense. Sure you may have more winners than losers; but you seem to lose alot more $ on those losers than you make on the winners. Any words of wisdom out there?
it seems to me this is a high win/loss strategy with lots of small winners. But I'm no expert on this strategy, just evaluating it.
Anybody have stories of large losses wiping out a weeks worth of profits ? That to me is the danger in this system since I don't think Don uses stop losses with this strategy.
Anybody have stories of large losses wiping out a weeks worth of profits ? That to me is the danger in this system since I don't think Don uses stop losses with this strategy.
When I say "stop-loss" I don't mean placing an actual order as a stop..but rather if I'm short something, the futures are ticking down..and that stock is going the opposite direction of the futures, I'm going to pay the most attention to that position. If I am down more than .20-.30, If it doesn't show any signs of turning, i'm gone.....that's what I mean by a stop. I watch the ones going against me the closest.
cas
cas
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