Opening Orders - 2008

A question for those of you that use redi and enter orders for 50 or more stocks.

I am wondering how you keep track of your positions. Lets say you enter 75 stocks and get 10 fills. Do you keep all 75 stocks in your quote monitor each day and then try to find them if you want to do anything manually?

Or maybe you add the stocks to the quote monitor as you see the fills come in on your message and/or position window?

I currently have 40 stocks in my spreadsheet, and sometimes have a hard time reacting quickly working off my quote monitor. I plan to add more stocks and can only envision it getting more difficult to manage as the number of stocks increases.

Thanks,

Deedub
 
Quote from deedub:

A question for those of you that use redi and enter orders for 50 or more stocks.

I am wondering how you keep track of your positions. Lets say you enter 75 stocks and get 10 fills. Do you keep all 75 stocks in your quote monitor each day and then try to find them if you want to do anything manually?

Or maybe you add the stocks to the quote monitor as you see the fills come in on your message and/or position window?

I currently have 40 stocks in my spreadsheet, and sometimes have a hard time reacting quickly working off my quote monitor. I plan to add more stocks and can only envision it getting more difficult to manage as the number of stocks increases.

Thanks,

Deedub
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I personally just go off of the message and position windows. I have the message windows filtered so that only one line appears when I get filled for each stock. I actually have 2 message windows: 1 for longs, 1 for shorts. I also have a position monitor open. The rest of the screen is filled with blank montages which is where I place orders.

The position monitor is sometimes slow to update so I place more emphasis on looking for fills from the message window. I think working from the quote monitor is a little tedious but that's just a personal preference.
 
Expiration was a dud for me. Lots of blocks on news and only got filled on small positions, so a scratch day.

Been out of commission since last Wednesday with a mild flu sweeping the household, taking me down and then the kids...
 
Decent morning, went double my normal share size...

6 fills, 3 short, 3 long, 2 losers

+865 (about a hundred or so loss from top)

CSX...good! Sucked the life out of that one for as much as I could but tried to bottom pick.

HAL really got away from me. I was just staring at it when it was green then stared at it some more when it turned red, lol.
 
I guess I spaced out this morning...I knew it was expiration, but I did my orders like a regular day. Maybe since it's Thursday...I don't know, or maybe just stupid LOL

So I canceled a bunch & did not tighten envelope, etc. & got no fills.

Oh well...good long weekend to all

sucre...you must have caught it here from Don :p Hope you are feeling better
 
Quote from eastside:


sucre...you must have caught it here from Don :p Hope you are feeling better
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Thanks, I am. It was never that bad, but I was hopped up on prescription cough syrup so I thought it might be a good idea not to try to trade in that state.
 
Yeah, still a bit of bronchitis. Openings actually had a down week, ok today (quite a ride in AIG however). Down about $500 for the 4 days...worst of the year. Back to normal next week hopefully.

Enjoy the long weekend everone!

Don
 
I regularly place a number of "limit on open" orders as part of a gap strategy. I adjust the size of my orders based on a variety of factors. As a result, I usually am fairly balanced in the dollar amount of long and short positions after the open and my overall position size is reasonable.

On Thursday March 20, I made no adjustments because I did not see significant signals prior to the open. I was filled on way more orders than I am comfortable managing. Since that time, I have looked at various futures prices, the ex-post actual movement of the indices, several measures of volatility, etc. and I cannot explain why Thursday was different than other days. I have also looked at this thread and the P & L thread to see if others had a similar experience but that does not seem to be the case. I know that it was a futures expiration day but I still cannot see any measure that would have predicted or that explains my experience.

I would appreciate any advice. Thanks in advance.
 
Quote from mss:

I regularly place a number of "limit on open" orders as part of a gap strategy. I adjust the size of my orders based on a variety of factors. As a result, I usually am fairly balanced in the dollar amount of long and short positions after the open and my overall position size is reasonable.

On Thursday March 20, I made no adjustments because I did not see significant signals prior to the open. I was filled on way more orders than I am comfortable managing. Since that time, I have looked at various futures prices, the ex-post actual movement of the indices, several measures of volatility, etc. and I cannot explain why Thursday was different than other days. I have also looked at this thread and the P & L thread to see if others had a similar experience but that does not seem to be the case. I know that it was a futures expiration day but I still cannot see any measure that would have predicted or that explains my experience.

I would appreciate any advice. Thanks in advance.
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It was futures and options expiration and the futures were pretty volatile before the open. I had a large number of fills Thursday vs a normal day, but not particularly large number for an expiration. I'd chalk it up to expiration. Hope all those fills worked out for you.

EDIT-> Also there was an S&P rebalance Thursday. That might have affected things for you.
 
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