Opening Orders - 2009

[Don Bright]

Quote from trend2009:

If every one in your camp runs the automaton, do you think they are not killing each other since shares in the OO are relatively small? for example, BGU, average daily volume is 8 million, but the shares for open cross is only 6 thousand. if there are 10 people in you camp competing for the 6000 shares, the slight benefit from OO will vanish.

We only use listed stocks, not ETF's. The "opening cross" is not the same as an "opening only" order on the NYSE. Generally hundred thousand or more trade at the open.

Don

 

[Don Bright]

Last 5 days of this boot camp results.

100 opening fills

80 winners

20 loser or break even.

All goot.....however, only a net of about 4 cents per share. Newer people tend to cut profits a bit too soon. They will now have access to automated programs that should help tremendously in this regard.

Don

 

[trend2009]

Don,

How many symbols will the automated program play? for stocks of not very high volume, How can you make sure they will not stampede each other?

Quote from Don Bright:

Last 5 days of this boot camp results.

100 opening fills

80 winners

20 loser or break even.

All goot.....however, only a net of about 4 cents per share. Newer people tend to cut profits a bit too soon. They will now have access to automated programs that should help tremendously in this regard.

Don

 

[Don Bright]

The traders choose how many symbols to enter...generally between 15-40 or so. We focus primarily on liquid stocks, many in S&P 500.

Don

 

[PatrickQ]

Quote from Don Bright:

Last 5 days of this boot camp results.

100 opening fills

80 winners

20 loser or break even.

All goot.....however, only a net of about 4 cents per share. Newer people tend to cut profits a bit too soon. They will now have access to automated programs that should help tremendously in this regard.

Don

Ouch the kiss of death! Time for another cold period for OOs! ...

 

[Don Bright]

(Back to just me)...

6 fills, 5 winners +32 cents.

Don

 

[Don Bright]

Only 3 fills today, DD, DIS, and HPQ....all long +37 cents (left a lot on the table, LOL).

Don

 

[Don Bright]

Only 2 today...I need to re-do and add to my list....

HPQ and TGT, both winners up 15 cents.

Don

 

[rdg]

By any chance, does anyone have a spreadsheet showing daily long/short results for ~1 year that they would be willing to share with me? I have an edge in the ES around the open and I want to see if it could be better applied to opening orders than to trading the ES outright. Thanks.

 

[jones247]

Would anyone care to state the specific mechanics of the Opening Orders strategy, or direct me to the posts where it's specified (assuming such posts exist)?

thanks,

Walt