Opening Orders - 2009

I agree with mostly what you said. Things always change. Got to adapt to win in this business.

Was wondering how u guys use automation and see the moc's update every 30 seconds and if I can get a demo of your trading platform. As my current firm does not offer anything like that. Might change if I like what I see :)

Regards,
Eric

Quote from Don Bright:

The openings have always tended to go in streaks over the years. I emphasize consistency. Our guys have added more stocks and are more are going fully automated (with manual over-ride of course). I use both of our opening spreadsheets, and haven't really had any problems. My retracement orders go in within a second or two, and that seems to be making a big difference. Several have gone with the automated trailing stops as well (I choose not to, just a persona choice). The more automation that my teams come up with seems to be really helping. Adapt adapt adapt I guess, that never seems to change.

As I mentioned above, the whole MOC imbalance play has changed to being more of a trading time period vs. a strict MOC (placing actual MOC order) type of technique.

(Obviously)... as traders mature, they visualize their trading structure differently.... making it easier for them to "see" what and when to take part in the various
time frames/events/techniques/strategies etc. Observation and record keeping are paramount in this business. If something isn't working for you, then alter your approach... find what is working. My guys who "always" make money no matter what, seem to have the ability to naturally adapt to changes in various trading options.

All the best, gotta submit my openings, LOL.

Don
 
Hmm, I can try a screenshot...not great with pc video... this is offered on the Redi Plus platform from GS.

I'll try to get something to post...

Don
 
Quote from trend2009:

does your firm teach students how to trade on closing imbalance?

Aks what it cost to 'learn" and trade with bright- you will soon find out..........
 
Quote from Don Bright:


I'm being a bit extra cautious because of the boot campers. I believe all but one made money today on the openings... I'll post their numbers for their first week on Friday.

Don
What's up with that?
 
16 fills, 1 long, 15 shorts, 15 winners, 1 loser (1.5 cents), +0.14 average.
My second best day trading OPG.
Played short only, except for a couple (GE, JPM, ...).
They could have almost all have been better.
Got some oil filled.
 
To Mr. Keeps... I have their spreadsheet next door, I'll post both weeks. I was sick for the first 3 days of the week.

Now, as for today. Brand new boot camper, young intern, made over $4,000 this morning using only 500 shares.

Everyone did well today, nice expiration....

As for me, (watching the new traders with their 2nd day of automation)... just sent in 12, got 3 fills....all 3 filled automatically within a few seconds.

GE + 11 cents
DD + 33 cents
Dis +11 cents.

Several "personal bests" set today...

Don
 
OK, I have attached the spreadsheet for this boot camp. Keep in mind that these people are pretty much all brand new to trading, even using a platform. We had about 15 overall, some a bit timid, about half got fills every day.

As mentioned, today was exceptional, but the overall results were about average. In an effort to make sure the traders kept their proper trading records, I kept a log this time, here it is.


Don
 

Attachments

Quote from total_keops:

16 fills, 1 long, 15 shorts, 15 winners, 1 loser (1.5 cents), +0.14 average.
My second best day trading OPG.
Played short only, except for a couple (GE, JPM, ...).
They could have almost all have been better.
Got some oil filled.


I had a similar situation to you. 16 fills, 16 shorts, 16 winners. Set a record high day. +.10 average.
 
Quote from ericyyy:

I agree with mostly what you said. Things always change. Got to adapt to win in this business.

Was wondering how u guys use automation and see the moc's update every 30 seconds and if I can get a demo of your trading platform. As my current firm does not offer anything like that. Might change if I like what I see :)

Regards,
Eric


See if this works for you to see the imbalances etc.

http://www.pairnomicshelp.com/REDI v7/DowImb/DowImb.htm

Don
 
Don,

you said you traded DD for 33 cents profit today. As I know, you only trade with the specialist, that is, you only short when stock opens higher and buy when the stock opens lower, because that is the case when the specialist has to step in. But DD today opened higher than its yesterday's close. Do not you think it contradicts with the OPG strategy?

Quote from Don Bright:

To Mr. Keeps... I have their spreadsheet next door, I'll post both weeks. I was sick for the first 3 days of the week.

Now, as for today. Brand new boot camper, young intern, made over $4,000 this morning using only 500 shares.

Everyone did well today, nice expiration....

As for me, (watching the new traders with their 2nd day of automation)... just sent in 12, got 3 fills....all 3 filled automatically within a few seconds.

GE + 11 cents
DD + 33 cents
Dis +11 cents.

Several "personal bests" set today...

Don
 
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