The Opening Orders Thread

Quote from onlybui:

No fills today, should I decrease my envelope I currently have it set to .80 had about 30-40 orders. But I did get a fill yesterday and it dropped .70 and I got out right @ the low before It rebound back, only problem is that I had to wait 20mins before it was even a break even and there was no news... any comments would be great...:D
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If you continually get no fills day after day you may want to adjust your envelope, but there will be days when you get no fills. That's just how it goes.

Once you are filled, every stock will behave differently. You just have to trade them with small size until you get a feel for how they perform. Then get rid of the ones you can't make money with, and bump up the size on the ones where you show a profit.
 
Quote from sucre_estave:

If you continually get no fills day after day you may want to adjust your envelope, but there will be days when you get no fills. That's just how it goes.

Once you are filled, every stock will behave differently. You just have to trade them with small size until you get a feel for how they perform. Then get rid of the ones you can't make money with, and bump up the size on the ones where you show a profit.
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"And get those slingshot orders in quickly" ....less than 5 seconds is usually a "requirement" - cover 25% or 50% at 6-10 cent profit, then tape read to get more $$, or to get the heck out altogether.

Don
 
1 short win, +110, 1000 shares

Have a good weekend everybody. The kids are going to grandma's so me and the wifey are going to kick back and enjoy a couple of nights out...
 
Break even day, but good for a short week +$2500 approx.

Off to Barona for a blackjack tournament after the close - have a good weekend everyone!

Don
 
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