The Opening Orders Thread

3 fills / 3 longs / - 1383.00

forgot to block hd on low news...

forgot to block ltd & bby on tgt news...

boy...you would think i was new at this...

if i blocked what i should have it would have been a no fill day...
 
Just to prove the blind squirrel theory, LOL. I have the oil futures right above my GE quote. At 10AM, my brother says "when did you start trading the oil futures?" I said I haven't. He said I'm short 1 contract. Damn, looked at my futures account, sure enought short one at 79.62, bought it right back at 79.20 - made +$420, LOL.

Skill baby, skill.

Don :D :eek:
 
Professor Bright,

I noticed the daily buy/sell number on your site differs from the number displayed at programtrading, it is generally a lower amount, wondered why.

Secondarily, I am finding inconsistencies in the Open price displayed in eSignal and YahooFinance.

For example, today BAC opened at 50.23, yet eSignal shows 50.10.

JPM opened at 46.04, signal displayed 46.25. MER opens at 72.90, again signal displays 73.25???

I filter my T&S window to display NYSE prints only, and often need to scroll down to locate the opening print for my EOD analysis, on 50 names this is a drag!

FWIW, I am working on a spreadsheet to calculate the FV and import into my basket order entry, errors in data can vaporize my equity real quick....film at 11.

Thank you for all your teaching efforts, I spent a few days reading every post on all your threads.
 
Quote from anvil993:

Professor Bright,

I noticed the daily buy/sell number on your site differs from the number displayed at programtrading, it is generally a lower amount, wondered why.

Secondarily, I am finding inconsistencies in the Open price displayed in eSignal and YahooFinance.

For example, today BAC opened at 50.23, yet eSignal shows 50.10.

JPM opened at 46.04, signal displayed 46.25. MER opens at 72.90, again signal displays 73.25???

I filter my T&S window to display NYSE prints only, and often need to scroll down to locate the opening print for my EOD analysis, on 50 names this is a drag!

FWIW, I am working on a spreadsheet to calculate the FV and import into my basket order entry, errors in data can vaporize my equity real quick....film at 11.

Thank you for all your teaching efforts, I spent a few days reading every post on all your threads.
More...

"Professor Bright" LOL I like that.

Regarding the FV numbers...they vary based on whether you're "long cash" meaning that you are simply trying to beat the current interest rate with your trading vs. T-bills or something, or if you're "short money" meaning that you're borrowing money at a higher rate that you need to overcome with your trading. There is obviously a few percentage points difference, and since interest rates are primary to the FV equation, they can be different.

All that being said, I tend to use an average between the two rates, and check other sources for FV as well, come up with at number that works for the openings, and all day long on my futures chart. When the PREM/DISC to FV (futures) goes from Red to Green during the day, it basically substantiates that the FV number is "right" for that day.

Regarding the opening print, you are probably seeing a "consolidated quote" at 9:30 vs. the actual NYSE opening. And, yes, filtering for NYSE only should help. We have something new with RediPlus (Goldman Sachs trading platform), where, due to the newly implemented NMS rules, they are using a consolidated quote for our intraday P&L, but then reverting back to NYSE (or other primary exchange) for our actual overnight sheets.

Send me an email to donbright@brighttrading.net and I'll send you a basic opening calculation spread sheet if you like.

Thanks for the nice words, I may submit your question to Stocks and Commodities, if that's ok with you. I don't know what they're going to actually print, but this might make it.

All the best,

Don
 
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