Monday small only 2 fills, 2 winners + 16 cents.
I have school this week, trading manual in front of 45 people "what could go wrong' LOL.
Don
I have school this week, trading manual in front of 45 people "what could go wrong' LOL.
Don
You are using an out of date browser. It may not display this or other websites correctly.
You should upgrade or use an alternative browser.
You should upgrade or use an alternative browser.
Opening Only's 2010
- Thread starter Don Bright
- Start date
Quote from Don Bright:
VIX "can" affect the openings, but the primary factor is trading on the same side as the NYSE Specialist on any gaps. But, sure, during times of higher volatility, you have more gaps to play with.
For example, the 4th quarter of 2009 was probably one of the best quarters overall.
(BTW, zero fills today, my fault a bit too wide, didn't want to buy anything, LOL).
Don
Hi, Don. Did you mean the 4th Quarter of 2009 is the most profitable quarters so far? Are you kidding? It is even better than the 4th Quarter of 2008? Now the volume has been shifting so many away from the specialist since the beginning of 2009. and this Opening Order strategy is not so profitable as before.
Quote from QW123:
Hi, Don. Did you mean the 4th Quarter of 2009 is the most profitable quarters so far? Are you kidding? It is even better than the 4th Quarter of 2008? Now the volume has been shifting so many away from the specialist since the beginning of 2009. and this Opening Order strategy is not so profitable as before.
QW123, He corrected himself a couple of posts later to say he meant 2008.
Thursday, back to my automated program instead of manual in front of students, LOL.
Only 3 fills, but a nice 32 cents.
Don
Only 3 fills, but a nice 32 cents.
Don
I'm not invited to answer but...Quote from kingjelly:
Lescor or Don,
When keeping statistics on which stocks to keep/add/remove from your openings list do you take into consideration how poorly/well you traded out of the position or just keep it at face value?
Thanks
If you traded poorly or made mistakes that have nothing to do with the stock in itself I would take the stats out.
But there are stocks that you dont trade well because they are not a good fit to you or you have some "mental" or emotional inclinations. Suppose they are too choppy for you, like being able to trade GE but not XOM. Or that you have some stocks that you dont know well the company and have trouble to asses how it is reacting to the S&P. So you have to distinguish between make a mistake and trading poorly on a stock. Is it because you made a mistake that could have happen on any stock or is it that the problem is specific to this stock.
You could even ask yourself if the strategy just did not work well on any given day. So on a day where you lost on 6 out of 7 fills, was the problem the stock or you that day or the strategy that day or how the S&P moved in the first minutes. Should you take thoses stats out...
In the end, it's a judgment call.
Good answer above....the way I explain it is ..."we'll get you in the trade with an edge...up to you to not screw it up" LOL.
Some take profits too soon (me), some let losses run too long (me again, LOL)....automation really helps with this of course.
I was working on boot camp issues this AM, will get back to openings then.
Don
Some take profits too soon (me), some let losses run too long (me again, LOL)....automation really helps with this of course.
I was working on boot camp issues this AM, will get back to openings then.
Don