Opening Orders - 2008

5 longs and a short, all on reduced size, 4 wins and a loss, -219, 3300 shares

A special thank you goes out to Eastman Kodak for announcing a share buyback at the opening bell. EK today was one of Lescor's proverbial "grenades tossed in the lap". Luckily escaped with only 40 cents of damage.
 
Quote from sucre_estave:

You can cancel at any time. Whether they LET you cancel is another story, but it's very rare that you get stuck.
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You only get stuck if your on the wrong side of the trade.

Funny how that works.. sigh.
 
Quote from mdl060374:

You only get stuck if your on the wrong side of the trade.

Funny how that works.. sigh.
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In the scenario below, do you think the exchange will let you cancel the majority of the orders?

9:24:00 - OPG orders submitted, SPY is flat
9:28:00 - Major bad news comes out, SPY is down 3%
9:29:00 - Sent cancel all orders via IB
9:30:01 - ?
9:33:00 - ? ? ?
 
Quote from shortie:

In the scenario below, do you think the exchange will let you cancel the majority of the orders?

9:24:00 - OPG orders submitted, SPY is flat
9:28:00 - Major bad news comes out, SPY is down 3%
9:29:00 - Sent cancel all orders via IB
9:30:01 - ?
9:33:00 - ? ? ?
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I cancel orders after 9:30 without any problems (cause I set it up so 'if max orders hit' -> cancel remaining). It's my understanding that you can cancel up until the moment of the opening print.
 
Quote from ProgrammerGuy:

Did you just get married Don?
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?? I've "always" been married, LOL.

And yes, you can send cancels up until the stock opens.

Anyway, small profits yesterday and today +$390.

Consistency is coming back well, I think I will add another 25 stocks or so, increase size starting July 1...."what could go wrong?" LOL.


Don
 
Quote from sucre_estave:

Getting a pattern of one stock hosing up my whole open recently, so I'd say yes, I'm seeing consistency too. :mad:

3 fills, 2 wins and a loss, -173
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did todays happen to be GE? :)
 
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