You are using an out of date browser. It may not display this or other websites correctly.
You should upgrade or use an alternative browser.
You should upgrade or use an alternative browser.
Opening Orders - 2009
- Thread starter Don Bright
- Start date
Waste Management Inc. ... said its ticker on the New York Stock Exchange will change from WMI to WM on Aug. 5 to better represent the companyâs current logo.
Quote from swiftmike99:
Stop bothering the sponsor of this website or he will have you banned. Its obvious that Don makes most of his money from training. That's why he is advertising on this website non-stop. As much as i don't like Don for lying about his business, the OPG strategy has been great over the years. But Don for some reason decided to share it with the world (thanks) and f..ed it up for himself. He would have been way better off keeping his mouth shut, bringing in prop traders at 50% split and teaching them OPG. IMHO. To each own. OPG was the holy grail. It hasn't been for the last 1 year but before that it was free money.
Agree, why do these traders put up with that place ???
Brokerage fees, training fee's desk fees etc etc
Even Don admits- its up to the trader and hard work.....
4 fills, 1 long, 3 shorts, 4 wins, +0.08 average.
Quote from handle_this:
Agree, why do these traders put up with that place ???
Brokerage fees, training fee's desk fees etc etc
Even Don admits- its up to the trader and hard work.....
There isn't that much better choice as far as I know. In his niche he is very competitive. If you are old (25+) no ivy league education, and have 25k to spare plus some training fees I don't see a better place. This is assuming his teaching is decent. But I really don't see who could compete with him. Actually T3 and SMB do training for fee now too. But don charges 3k these guys charge 10k
Quote from swiftmike99:
But Don for some reason decided to share it with the world (thanks) and f..ed it up for himself. He would have been way better off keeping his mouth shut, bringing in prop traders at 50% split and teaching them OPG. IMHO. To each own. OPG was the holy grail. It hasn't been for the last 1 year but before that it was free money.
I'll disagree with that.
The openings don't work like they used to because there are many elements of the market structure that have changed over the past five or so years.
I stopped opgs every morning many years ago. Each trader must weigh their OPG P/L, time spent implementing, and lost opportunities available during the same 15 minutes of OPG executions.
I found that trading with the trend after the first pull back was significantly more reliable and profitable than trying to pick off a few pennies counter trend trading the opening.
Good (and quick) opening.....3 fills, all winners... + 26 cents net.
DIS filled both retracements in a matter of seconds...my favorite, LOL.
Don
DIS filled both retracements in a matter of seconds...my favorite, LOL.
Don
Quote from total_keops:
By Edgar Ortega
July 28 (Bloomberg) -- NYSE Euronext will begin to charge brokerages for transactions at the open and close of trading in the U.S., while also cutting fees for its largest clients.
The New York Stock Exchange will charge a fee of at least 5 cents per 100 shares for trades executed during the opening and closing auctions starting next month. Opening trades, which were previously executed at no cost, will have a fee cap of $10,000 a month, the exchange said in an e-mailed notice to clients.
The Big Board will also reduce its trading fees for customers that handle at least 130 million shares a month. Those clients will pay a transaction fee of 17 cents per 100 shares, down 1 cent from before.
Anyone else have any more color on this? Why would they do this? Don't they want as much participation as possible? This seems crazy to me...
-Guru
No fills.
Larger on longs, cancelled 75%.
Larger on longs, cancelled 75%.