Open Orders Please Help!!

Originally posted by DaytraderDave
Great thread, first time I've seen the opening order thing broken down. Anyone have a list of core stocks that they use for opening orders?
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Just pick a group from the S&P 500 listed, try to get filled on 2 or 3 out of 10 or 12 to begin with...weed out the bad ones, go with the good ones.

Don
 
Originally posted by Don Bright


1. Fair value is located at www.programtrading.com . It is not a percent, it is an amount over the spot price.

2. You add the .85 to the spot price. Divide that number by the spot to get a percentage up or down.

3. Then apply that percentage to your group of stocks.
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Is .85 in this example the "Fair Value" from programtrading.com for that particular day?

So that means that if the cash index closed at 862.10 yesterday and futures are at 870.0, the percentage you are talking about would be ( 862.10 + .85 ) / 862.10, when you should really work with ( 870.0 - .85 ) / 862.10

Which one is the correct percentage? Or is it neither?
 
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