The Opening Orders Thread

Well I started off the year in mediocre fashion: 8 fills for $435. Surprised I ended up with that much--had some glitches getting a new computer running, and made a bad mistake on a new stock.

Very happy with the strategy though--my first and so far only intraday strategy.
I started running it in mid-October, and in 47 trading days I'm + $26000 on 511000 shares.

If I can keep up the quality and consistency in January I'll probably try squeezing a bit more volume out of my account (retail).
Many thanks to Don for the thread and to Lescor for his very helpful posts!
 
Quote from lescor:

Not sure what you mean by what happened to AXP in the morning. These are all opening order trades, all longs. I was in on the first print of the day and flat them all within about 15 minutes.

Oh, I saw some thrd market prints at above 61.00 (book open at 60.35, thrd print all the way up to 61.90) so I was wondering if you were one of a few shorting above 61.00. Thanks for clearing up Lescor.

So Lescor and Don , for the oo strategy, it does require traders to spend 15 min. to get out (fragmentation? waiting for a move with the position?)

Thanks
 
Quote from kwancy:

Oh, I saw some thrd market prints at above 61.00 (book open at 60.35, thrd print all the way up to 61.90) so I was wondering if you were one of a few shorting above 61.00. Thanks for clearing up Lescor.

So Lescor and Don , for the oo strategy, it does require traders to spend 15 min. to get out (fragmentation? waiting for a move with the position?)

Thanks

Exit time frame is still an art....5 people, same stocks, different p&L's. Need to watch stock, peers, index, and overall market as you're getting out. IMO.

Don
 
01/03/07

69800 shares +4376.00

01/04/07

5000 shares + 1402.00

missed the arb yesterday...looked to good to be true...turns out what i saw was right...

left 25k to 30k on the table...

oh well...can't bitch about green numbers...

happy new years all...
 
Nice to see you back at it, Chiguy. And welcome back to the thread, lescor. Hope you stick around; you're a great benchmark for this strategy.

Yesterday 4 long wins, 2 short losers, +480 on 4700 shares (3 positions were small ones on stocks I'm still testing)

Today 2 wins 1 loss short, 1-0 long, +176 on 3600 shares
 
Quote from Don Bright:

OK, I'll bite...which arb did you miss out on?

Don :confused:

dow arb...worth about 70 over...opened 135 over...nyse basically opened the dow unchanged yesterday...futures were up abot 65 on the open...sell futures buy stock...
 
Quote from chiguy:

dow arb...worth about 70 over...opened 135 over...nyse basically opened the dow unchanged yesterday...futures were up abot 65 on the open...sell futures buy stock...

Gotcha!

Don
 
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