Opening Only's 2010

Personally, I've not traded at all (was hospitalized during Easter Week)...working part time now. But, that being said, although the basic strategy is still working, it is requiriing more stocks to make the same money...that's what I've seen from my guys.

And, we are doing more "pairs opens" both in our normal accounts and our Joint Venture Club accounts... the zero downside plan for our traders.

More on this:

www.stocktrading.com/jvc.html

I would think the VIX would go back up a bit to get things back into a normal cycle....

Don
 
Quote from Carlos11:

The strategy is dead, that's why. :)

It has has been for some time now. Imo, there is no longer an 'edge', much to what others suggest. Look at the posts from three or four years ago when the average person was making $300/day using OPGS. Good traders were easily at $500. That was an edge. Now you're lucky to average a cumulative total of .10. That's just not worth the risk for the number of orders and amount of size you're throwing out. Even expirations have lost their edge. I've been red in 10/12 expirations. It's not even worth getting up for anymore.

GL.
More...

It would seem like if there was a big edge to entering on the opening, it would be profitable to exit on the very next print. Holding for 15 mins and tape reading would imply that the edge comes from the tape reading rather than from getting in on the opening imbalance.
 
Having a small edge on entry is not enough to be profitable. You have to know how to trade. That includes reading the market, learning how your stocks act and developing a feel for things.
 
2 Days, manually with my short list - in front of 35 students. Both small winners up 7 and 8 cents.

1 day automated, slso small, but 7 cents too.

Students watched how we make money on the openings with our automated pairs program, pretty cool. "Pair Range Trader." Nice edge...

Don
 
3 for 3 this week (didn't trade on Monday).....for me.

Boot campers just tested yesterday...started today...I'll post after a few days to see how theyre doing.

A side point. Since so many of our traders (60% or more) trade pairs daily...they are finding that trading the openings using pre-market activity with their pairs is really paying off as well. Allows you to capture that morning profit plus close or add positions at an excellent price.

All the best,

Don
 
Quote from Don Bright:

3 for 3 this week (didn't trade on Monday).....for me.

Boot campers just tested yesterday...started today...I'll post after a few days to see how theyre doing.

A side point. Since so many of our traders (60% or more) trade pairs daily...they are finding that trading the openings using pre-market activity with their pairs is really paying off as well. Allows you to capture that morning profit plus close or add positions at an excellent price.

All the best,

Don
More...
wow. last post on this thread on 5/06. what happened?
 
Quote from Free Thinker:

wow. last post on this thread on 5/06. what happened?
More...

Yeah, I've had some "issues" involving some personal traveling etc. and have missed some of the best openings of the year. Like last Friday...bummer.

I'll post a spreadsheet in June to bring things up to date.

Don
 
Hi Don,

Are you still planning on posting a June spreadsheet?

thanks,

Walt

Quote from Don Bright:

Yeah, I've had some "issues" involving some personal traveling etc. and have missed some of the best openings of the year. Like last Friday...bummer.

I'll post a spreadsheet in June to bring things up to date.

Don
More...
 
Quote from jones247:

Hi Don,

Are you still planning on posting a June spreadsheet?

thanks,

Walt
More...

Yeah, I'll post up June and a recap of May hopefully next week to bring things up to speed.

Don
 
been reading through all...

my biggest question to all is if trading the open how does one determine if they should trade with the trend or against it?

lets say the markets are set to gap down at the open....what would cause you to place short sell orders versus buying the gap down?


guess thats the million $ question. thx
 
You must log in or register to reply here.
Back
Top