Opening Orders - 2009
- Thread starter Don Bright
- Start date
2 shorts, 2 losers, -0.08 average.
Fantastic.
Wider envelope this morning. x1.3 on longs, x1.1 on shorts.
Fantastic.
Wider envelope this morning. x1.3 on longs, x1.1 on shorts.
March monthly review:
Played 21 days.
60 longs, 80 shorts, 90 winners, 50 losers. +0.023 average per share.
Lower $/share, I'll have to work on that.
Lower % winner with the use of stops as expected. Got some improvement do do on that.
Stops get me out often but so far I like it even if at other times it's very frustrating. I just want to prevent the "tail risk".
An ok month.
There is always this one day...
Played 21 days.
60 longs, 80 shorts, 90 winners, 50 losers. +0.023 average per share.
Lower $/share, I'll have to work on that.
Lower % winner with the use of stops as expected. Got some improvement do do on that.
Stops get me out often but so far I like it even if at other times it's very frustrating. I just want to prevent the "tail risk".
An ok month.
There is always this one day...
Away 2day.
On monday morning before the open I read in a news that the S&P PREM was large before the open. The way I understand it, the ES was lower than the value implied by the sum of the stocks in the S&P adjusted for FV. I dont have that PREM number myself. I had this little "feeling" that the market was supposed to be lower on the GM news.
Question to those in the known. Does this number have any implication regarding the OPG orders? Are there OPG traders looking at it before sending the OPG orders to make sure the PREM is not huge? Because I think if the stocks in the S&P may not respond the same way at the open. Like on monday if the ES was lower than the stocks could we expect the stocks to drop after the opening print and we should therefore not placing buy orders?
Of course the question always come after being crushed :eek:
Insight's would be much appreciated.
On monday morning before the open I read in a news that the S&P PREM was large before the open. The way I understand it, the ES was lower than the value implied by the sum of the stocks in the S&P adjusted for FV. I dont have that PREM number myself. I had this little "feeling" that the market was supposed to be lower on the GM news.
Question to those in the known. Does this number have any implication regarding the OPG orders? Are there OPG traders looking at it before sending the OPG orders to make sure the PREM is not huge? Because I think if the stocks in the S&P may not respond the same way at the open. Like on monday if the ES was lower than the stocks could we expect the stocks to drop after the opening print and we should therefore not placing buy orders?
Of course the question always come after being crushed :eek:
Insight's would be much appreciated.
I find it much less risky than many other things. But you need carefull preparation and execution. It's just that the distribution of the profits and losses can have a very negative skewness. A lot of small profits and some big losses.
Not for everyone and like everything in trading, only a few make it. I'm still climbing the mountain myself.
I like risk and like to trade with risk, but the rewards arent even in the same ball park as the level of risk it seems.
any of the opening order success guys care to chime in?
-use heavy volumne stocks
-no news stocks (take out earnings, upgrade-downgrades etc)
-gap up or down depending on futures etc
-use correct size enevolpe.
-fair value etc
just have lost my ass. reminds me of picking up pennies in front of a train. the gains arent big enough.
I could use some help on openings
7 fills, 2 longs, 5 shorts, 6 winners, 1 loser, +0.07 average.
Feel good to be back to profit.
Loser @ 9:35, shaken out on stop.
Feel good to be back to profit.
Loser @ 9:35, shaken out on stop.
2 cents per share per day, 250 days per year on a 40$ average stock makes a 12.5% annual return without compounding.