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The Opening Orders Thread
- Thread starter Don Bright
- Start date
Decent Monday, spreadsheet all fixed (fingers crossed, LOL).
+$ 450.
Don
+$ 450.
Don
2 long fills, a loss and a scratch, -181 on 3500 shares
Taken for a WYE-ld ride...
Taken for a WYE-ld ride...
Quote from Don Bright:
Pretty tight envelope I guess, I was no where near getting filled on WYE. ??
Don
I used .4
He had some news regarding FDA extending a review 3 months, which I didn't figure was too significant. Opened down only 15 cents but got creamed immediately for almost a dollar. Snapped back pretty quickly though and I only took a 16 cent hit.
Quote from sucre_estave:
I used .4
He had some news regarding FDA extending a review 3 months, which I didn't figure was too significant. Opened down only 15 cents but got creamed immediately for almost a dollar. Snapped back pretty quickly though and I only took a 16 cent hit.
Just a comment. When the market is opening up 4 or 5 S&P points, it's a good idea to have a wider buy envelope, and a more narrow sell envelope.
I used .65 buy, and .3 sell, for example.
Just my personal method.
Don
Quote from Don Bright:
Just a comment. When the market is opening up 4 or 5 S&P points, it's a good idea to have a wider buy envelope, and a more narrow sell envelope.
I used .65 buy, and .3 sell, for example.
Just my personal method.
Don
I do that, in a way. I have my spreadsheet override the envelope and adjust my bids to ensure that I don't have any buys above the prior day's close. While I miss out on some opportunities that happen to work, I just prefer not to buy a stock opening up. And depending on the expected gap, I will reduce my sell envelope. Of course today it didn't help with WYE
It would be interesting to see if anyone has stats on buying a gap up if its "not up as much as it should be".