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Don's Openings Pt. 2
- Thread starter Don Bright
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Well Don maybe you don't have to go in such detail. All I'm asking is what stocks you got filled in. Stating I placed 60 orders got filled for 6 and profited in 5 may be fascinating to some but it is very ambiguous to me.
I'm confident you will be able to figure out a way in which you can state what stocks you were filled on.
I'm confident you will be able to figure out a way in which you can state what stocks you were filled on.
Originally posted by Shorteee
Well Don maybe you don't have to go in such detail. All I'm asking is what stocks you got filled in. Stating I placed 60 orders got filled for 6 and profited in 5 may be fascinating to some but it is very ambiguous to me.
I'm confident you will be able to figure out a way in which you can state what stocks you were filled on.
I have used the same stocks for a year now. 2 banks, 3 brokers, 4 drugs, 2 retailers, 3 techs, 2 financials, and GE.
I prefer not to give exact names, once again...if I do, and someone loses money, then they find a lawyer...yadayaya.....
That's pretty much all I needed to know. I went to the spreadsheet and the historical intraday charts of the S&P's and the individual stocks, and did a lot of grunt work. Found that pure brokers and techs were a little too jiggy for me. Using financials, drugs, retail, industrial material, consumer durables.
Tuesday- 11 order sets, 4 fills 4 wins
+18 +22 +5 +2 all net after commission
total of 47 cents.
Tuesday- 11 order sets, 4 fills 4 wins
+18 +22 +5 +2 all net after commission
total of 47 cents.
Don (and everybody else that is contributing to this great thread),
If a stock on your list has a delayed opening, do you play it, or do you cancel those orders? For example, the opening for GS this morning, which I believe is one of the brokers on your list, was delayed by about five minutes. Did you keep your OO's active for this stock, or did you cancel them when you noticed the opening was being delayed? What's your normal procedure?
I'm also curious to know how you handled the $0.09 earning surprise in GS this morning. Did this "news" make a difference regarding whether or how you played it (expaned envelope, etc.), or did you just consider it "normal" news and play it as you would normally? rtharp, I would be interested to hear your response to this question as well, since, in a previous post, you made the point that in order to play a stock, using this strategy, it is important that there be "NO NEWS" on the stock, or at least no news that is out of the ordinary.
I read several references in this thread to the fact that those of you that are using this strategy sometimes cancel orders for certain stocks. I am trying to figure out what your reasons might be to cancel your orders (delayed openings, news, ???). What are your criteria for canceling an order/keeping an order active? Any insight in this area by anybody would be very helpful.
If a stock on your list has a delayed opening, do you play it, or do you cancel those orders? For example, the opening for GS this morning, which I believe is one of the brokers on your list, was delayed by about five minutes. Did you keep your OO's active for this stock, or did you cancel them when you noticed the opening was being delayed? What's your normal procedure?
I'm also curious to know how you handled the $0.09 earning surprise in GS this morning. Did this "news" make a difference regarding whether or how you played it (expaned envelope, etc.), or did you just consider it "normal" news and play it as you would normally? rtharp, I would be interested to hear your response to this question as well, since, in a previous post, you made the point that in order to play a stock, using this strategy, it is important that there be "NO NEWS" on the stock, or at least no news that is out of the ordinary.
I read several references in this thread to the fact that those of you that are using this strategy sometimes cancel orders for certain stocks. I am trying to figure out what your reasons might be to cancel your orders (delayed openings, news, ???). What are your criteria for canceling an order/keeping an order active? Any insight in this area by anybody would be very helpful.
-today sucked-- only 2 fills and lost .08 total on them. I raised my sell envelope up a little bit with the futures up looks like....... it was too much.
I was hoping to make something for the Opening Orders play. Due to the FOMC meeting today I had no great scans from previous night and some of the systems/filters I've developed don't work well on days with an FOMC meeting.
Tomorrow is another day.
Well on delayed openings you know you are going to get a huge gap. Specialist has an order imbalance. He is looking for some orders to go against all the paper so he doesn't have to take stock out of his inventory or short the stock with as many positions.
I teach the traders in my office that these can be the gems or the killers. Look at the opening indications....
I've made more money on these openings that others but I have found I can also have a gap and it continues fast and hard against me (gap and go) This is really a matter of personal preference for how to handle it.
Robert Tharp
I was hoping to make something for the Opening Orders play. Due to the FOMC meeting today I had no great scans from previous night and some of the systems/filters I've developed don't work well on days with an FOMC meeting.
Tomorrow is another day.
Well on delayed openings you know you are going to get a huge gap. Specialist has an order imbalance. He is looking for some orders to go against all the paper so he doesn't have to take stock out of his inventory or short the stock with as many positions.
I teach the traders in my office that these can be the gems or the killers. Look at the opening indications....
I've made more money on these openings that others but I have found I can also have a gap and it continues fast and hard against me (gap and go) This is really a matter of personal preference for how to handle it.
Robert Tharp
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