3 fills, 1 long, 2 shorts, 1 winner, 1 loser, 1 flat. +0.03 average.
Not easy, expected more fills.
Not easy, expected more fills.
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Opening Orders - 2009
- Thread starter Don Bright
- Start date
Quote from Don Bright:
...
It's important to instill in the new people, that this strategy is the single best way to start their trading careers. Normally make money, makes you happy in the morning...a more positive attitude to trading in general.
Don
what about the possibility of an unlimited risk if 911-type event occurs around 9:30?
This risk is there in any trading strategy (very highly improbable at 9:30 flush, like getting struck by lighting in a forest). If it happen, you just hit the panic button, cancell all orders. You would see the ES and GC going nuts as indicators. If your already in you have xx% chance being hedged xx% being on the right side...Quote from shortie:
what about the possibility of an unlimited risk if 911-type event occurs around 9:30?
Quote from shortie:
what about the possibility of an unlimited risk if 911-type event occurs around 9:30?
I had something similar happen to me a couple of weeks past 9/11. Another airport (potential) disaster, I had turned off my Company squawk box, where my brother had told the Firm to cancel all opening orders (I was in Reno chatting with traders). Anyway, I got about 30 long fills, was down immediately, and ended up making a bunch about a half hour later when the crisis turned out to be nothing.
I agree with the post above, we have to focus on probability, not so much on "worst case scenerios"......
All the best,
Don
2 fills, 1 long, 1 short, both winners, +0.07 average.
GE was over 40 cents above its fair market value pre-market so I shorted it opened at 12.49, made 23 cents.