Opening Only's 2010

Yes, it's always a trade off. Wider envelopes have better odds, but fewer fills. More stocks will give you more fills but then you increase the chances of missing news or getting so many fills on busy days that you can't handle it.

Everybody has to find their own sweet spot.
 
I agree with Lescor, everyone has to find what they are comfortable with both emotionally and physically. I send open orders on over 350 stocks, missing news can be very costly for me and it has when I do miss something. I did not start with a huge list, I started small and worked up to the number of stocks I have now.

For today I had FV at +0.149%. I was even in long/short ratio. Not a bad close to Feb.
 

Attachments

i've been following OPG thread for a while. currently trading premarket using nyse imbalances.
just wanted to ask some technical questions/

that degree of automation, which allows to send 350+ orders and then take profits (stop losses)...

is it available by default in any trading platform.??

or one have to hire programmers or work directly with API in order to implement this trading strategy. as far as i got it's numbers game and it's extremely difficult to handle this ts manually.
 
Quote from larrybf:

do any traders at Bright use the opening orders strategy for the 3x ETF STOCKS............????........thanks in advance
More...

NYSE equities only, hoping for the additional gap that only an individual stock can offer.

Don
 
Quote from jdadajonov:

i've been following OPG thread for a while. currently trading premarket using nyse imbalances.
just wanted to ask some technical questions/

that degree of automation, which allows to send 350+ orders and then take profits (stop losses)...

is it available by default in any trading platform.??

or one have to hire programmers or work directly with API in order to implement this trading strategy. as far as i got it's numbers game and it's extremely difficult to handle this ts manually.
More...

We have a couple of programs available to our traders, as do other firms. You might have to write your own however.

Don
 
Quote from Don Bright:

We'll try this again this year.

Today, small +8.5 cents.
Monday small -6 cents.
No trade on Friday...


Don
More...
cents? huh...if this is stocks you would need to be trading a lot of shares to be making any money...can you expound on this...thanks
 
Quote from increasenow:

cents? huh...if this is stocks you would need to be trading a lot of shares to be making any money...can you expound on this...thanks
More...
I think they try to trade 1000 to 3000 shares per stock and get 3-4 fills per day with an average of 2 cents that's between 60 and 240$ per open.
And that is only the first 15 minutes of trading (1 to 2 hours of preparation). If you can combine that to other strategies during the day it may be better than many other things you can do in life. But there are many other cool things that you can do with your life and get more also.
 
You must log in or register to reply here.
Back
Top