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Opening Orders - 2008
- Thread starter Don Bright
- Start date
3 long, 2 short, -142, 4300 shares
i am still working on the exit details of the strategy but here are the stats since 4/28/08 (including today):
Total P/L 8650.00
Average Gain 0.19497992
Average Loss -0.767307692
Winners 249
Losers 52
W/L Ratio 4.788461538
Total P/L 8650.00
Average Gain 0.19497992
Average Loss -0.767307692
Winners 249
Losers 52
W/L Ratio 4.788461538
Quote from mdl060374:
What is your win/loss expectation?
Curious. with 23 winners and 6 losers, it seems strange you are down for the day.....
2 fills, 2 longs, 2 small winners (+0.06)
Quote from gehko:
i am still working on the exit details of the strategy but here are the stats since 4/28/08 (including today):
Total P/L 8650.00
Average Gain 0.19497992
Average Loss -0.767307692
Winners 249
Losers 52
W/L Ratio 4.788461538
Since your results are from "paper trading", I'm curious as to
1) How many shares have you traded ?
2) Are you including commissions and if so, how much ?
3) Are you including slippage (this can be a huge factor in real life fills) ?
Thanks for the update and good luck.
1 fill, 1 long winner on 3 layers +28$ on 300 shares
Sort of increased size by tightening the second and third layer.
Cancelled 24 out of 50.
I guess next week I will tighten my first layer to get more fills.
I might also get rid of some I added last week end. Things like FRE and FNM that I dont fully understand.
Good week end all
Sort of increased size by tightening the second and third layer.
Cancelled 24 out of 50.
I guess next week I will tighten my first layer to get more fills.
I might also get rid of some I added last week end. Things like FRE and FNM that I dont fully understand.
Good week end all
Quote from DonKee:
Since your results are from "paper trading", I'm curious as to
1) How many shares have you traded ?
I am basing all of my trades on 1000 shares per stock.
2) Are you including commissions and if so, how much ?
Yes, but the number quoted yesterday was gross. I am factoring in .005/share. This seems to be a good average rate for the type of strategy and number of shares i would be trading.
3) Are you including slippage (this can be a huge factor in real life fills) ?
I am averaging 0.143846154 points of slippage overall, but when factored into positive or negative slippage (i.e. a better or worse fill) i am averaging a positive .03849 point fill. The positive slippage is due to initial jumps on gap ups and drops on gap downs. I am not sure how to interpret the positive fill yet, but it was something that i had noticed and pondered its relevance. I am still collecting other data and though i am keeping an eye on slippage i am not at the point in my plan where it is my main focus. Also, I can not rely on a paper trade setup to help determine slippage for obvious reasons.
Thanks for the update and good luck.
Thanks for the interest and good luck to you too.
Since your results are from "paper trading", I'm curious as to
1) How many shares have you traded ?
I am basing all of my trades on 1000 shares per stock.
2) Are you including commissions and if so, how much ?
Yes, but the number quoted yesterday was gross. I am factoring in .005/share. This seems to be a good average rate for the type of strategy and number of shares i would be trading.
3) Are you including slippage (this can be a huge factor in real life fills) ?
I am averaging 0.143846154 points of slippage overall, but when factored into positive or negative slippage (i.e. a better or worse fill) i am averaging a positive .03849 point fill. The positive slippage is due to initial jumps on gap ups and drops on gap downs. I am not sure how to interpret the positive fill yet, but it was something that i had noticed and pondered its relevance. I am still collecting other data and though i am keeping an eye on slippage i am not at the point in my plan where it is my main focus. Also, I can not rely on a paper trade setup to help determine slippage for obvious reasons.
Thanks for the update and good luck.
Thanks for the interest and good luck to you too.