The Opening Orders Thread
- Thread starter Don Bright
- Start date
No fills today. I think I've been monkeying with my envelopes too much...
Same here, no fills
When I feel like it is more of a gamble than an edge, I am overly conservative....
.3 for sells & 1.2 for buys...plus I canceled a few on news
If I get fills on a day when I am not confident in the strategy, I tend to exit too quickly because I feel like it is a 50/50 gamble
When I feel like it is more of a gamble than an edge, I am overly conservative....
.3 for sells & 1.2 for buys...plus I canceled a few on news
If I get fills on a day when I am not confident in the strategy, I tend to exit too quickly because I feel like it is a 50/50 gamble
10 fills - only about $250 net or so. Took out pharmaceuticals, but not banks (should have, BAC cost me a bit).
Don
Don
fwiw...i found that over time there is more of an advantage of being in rather that out on a daily basis...the strategy is about creating a winning percentage of trades...the more you are in the more samples you are exposed to...you still must diligently block for news, earnings and the like but you must be in...
if it appears too volatile then cut your size back and watch and record your results...play with envelope widths and stock selection...over time it will become more clear how to refine your strategies based on position sizing and stock selection...
sorry i couldn't be more insightful but it is basically trial and error to find the right balance for you...
trade 'em up gents....
Yes, but be careful about putting in a "market" order because many stocks are now on the SHO list, and don't require upticks. You might get filled waaaaay lower, and not want to. We only us limit orders.
Don