Don's Openings Pt. 2

Status
Not open for further replies.
Originally posted by Eugene
Don,

Where would you place a stop winner in the KSS example? I'm a little unclear as to how and when.

Thanks
More...

Sure, if I get several fills all at once, I put in a 15 or 20 cent "winner" closing order in ....while I watch the tape on the other stocks. If I see "green" (profits) on my position window, I want to lock it in before a "whiplash" effect.
 
Originally posted by nitro


Don,

Im my experience, if I wait to see how many fills I have gotten, it is too late on stocks like KSS. Is it "wrong" to put the "stop winner" order in regardless, or is that too likely to give up to much on riding winners?

nitro
More...

No, go ahead and put it in...if you make 15-20 cents great....if the price gets close, and things have settled down a bit, cancel it...the ol' "cancel if close" order - mentally. This way you're covered it the stock moves right back against you, and yet you may be able to "let it ride" if things settle down, or worse case you made 20 cents.
 
Don't forget today is expiration day for options....we have all "buy imbalances" on our screens this morning....perhaps widen out your envelopes a bit before the opening.....

Be sure you guys have all this "stuff" on your data feeds...this is pretty important...

Emini's moved quite a bit after 9:15, check out your orders...
 
Good example of "slingshot" defense this morning on TXN....I immediately put in a 34.01 bid to close the opg trade, it was filled at 34.00 and then the stock bounced right back to 34.10...

Don
 
Don't forget today is expiration day for options....we have all "buy imbalances" on our screens this morning....perhaps widen out your envelopes a bit before the opening.

Be sure you guys have all this "stuff" on your data feeds...this is pretty important...
More...
Yeah, I _DON'T_. One more reason why I am going prop.

Emini's moved quite a bit after 9:15, check out your orders...
More...
Tell me about it. I noticed the move above 1130 right before the open on the e-minis, decided to adjust TYC from sell at 31.45 to sell at 31.53. Needless to say, TYC opened at 31.45 and headed straight south without me in it for the ride :(

Seeing that you were thinking the same thing, at least I feel that my thinking was along the right lines...

nitro
 
widened envelope to .9% (on each side) and ooched the sells up as the futures moved up. got 2 fills, 2 winners, netted 17 cents after commission.

Now I'll go back and see what kind of fun I missed out on with the wider envelope.
 
no fills again today - gotta get some new stocks!

had a .75% envelope, and adjusted for the futures move right at 9:29!

oh well
 
Remember, we're looking for consistent winning trades here...and, yes, we could have made more money if (we woulda had more fills) if (we held on longer), and all that....but I like to see the longer term profits....

Increase your share size when you feel comfortable. Not too extreme, but we recommend about double your normal trading size for our people.
 
Originally posted by mbg
no fills again today - gotta get some new stocks!

had a .75% envelope, and adjusted for the futures move right at 9:29!

oh well
More...

Too bad....you might just add a couple each day, and toss the bad ones...see how that works....

Don
 
Status
Not open for further replies.
Back
Top