Opening Orders - 2008

rhino...

i tend to get out too quick as i have been beat up lately....

i have found that max profit is usually between 08:40 and 08:55 cst...

however you do need staying power to hold on...

the thing is you must...must...keep good records of all your trades...
 
Quote from chiguy:

rhino...

i tend to get out too quick as i have been beat up lately....

i have found that max profit is usually between 08:40 and 08:55 cst...

however you do need staying power to hold on...

the thing is you must...must...keep good records of all your trades...
More...

Cheers - record keeping, and to some extent staying power (!) are no problem. I already trade here in Europe and definitely understand the value of these things. However, I'm looking to get a hanldle on a new strategy and expand into US equities so all advice is very welcome.

Have a good weekend
 
Quote from RhinoTrader:

Hi guys - couple of questions for the old hands:

- How long do you generally find you hold positions for? Of course there will be some variation and some positions will be exited super quickly on a sling shot etc. But just looking for some general thoughts. Do you have a blanket rule of (eg) must be out of the stock within 20 mins, etc

- Any more tips on buildng a stock list? I have been building a spreadsheet doing some correlation analysis with the index etc but any more clues appreciated.

Cheers
More...

Thanks Chiguy, right back at you.

Rhino - I have no rules on how long to hold, I just like to be flat if there is an economic report coming out. Holding longer is something I need to work on, but in general I'd say I'm out within 20 minutes most days. Each stock is different and has to be played accordingly.

See prior posts on building the stock list; there's no real secret in it. Everyone will likely have a different experience, even on the same stock. I'd never say "don't trade ABC" because you might be able to make a killing with it even if I can't. You have to try them out for yourself on small size and see how you do.

Good Luck.
 
Entered buy orders only with .2 envelope & got 1 fill long GE for a small win...canceled a few on earnings
Looks like most longs were good
 
9 fills / 9000 shares/ 9 long/ -16.00

widened envelopes a bit...

would have been a +600.00 if i wasn't such a chickenshit....

oh well....:mad:
 
OK, back in the office...fighting off a cold/flu...but much better today. Up about $300 yesterday, a nice cool $1,000 today. As always, "coulda been more" LOL.

Used a zero envelope since we were opening so far below FV anyway. 9 winners, 2 losers.

Don
 
Quote from Don Bright:

OK, back in the office...fighting off a cold/flu...but much better today. Up about $300 yesterday, a nice cool $1,000 today. As always, "coulda been more" LOL.

Used a zero envelope since we were opening so far below FV anyway. 9 winners, 2 losers.

Don
More...

How do you tell that the open will be below fair value before the open? are you basing it off of the pre-open indications?
 
You must log in or register to reply here.
Back
Top