The Opening Orders Thread

New guys did pretty well for the first day of openings, despite a couple of newbie mistakes (better to make them now, under supervision, than later while at home, IMO).

Just one fill +$183 - again, demo in front of class.

Don
 
1 Fill and it went -.90 cent and I sold it right @ the low before it rebounded for a profit. Had a nice little up trend on a 5 day chart before I sent in my order. Tried something new and I panic (low volume stock) :mad: and knew before I entered it in that it was going to be a good one turns out to be +.60. Everytime I try something new I take a big hit, this will be the last time I try something new and take more than 100 shares.
 
I am really embarrassed....I explained to all my traders on our Pre-market morning call to be sure that they widened out their sell envelopes to insure that their short sale was entered above yesterday's closing prices to be sure that you don't get filled on any SHO stocks lower than the close price. Told them to use .4 on buy side, and .7 on sell side. I was late entering my small list (10 stocks), and accidentally sent in a .4 on both sides. This ended up costing me big time in JNJ, darn, darn. stupid.

And, with manual closings of 6 fills of 10 ended up down about $680, even with a $500 profit in WYE, which should have been $1,000.

Geez, the things I do for my bootcampers...showing them by example what NOT to do, LOL.

I'll use my good spreadsheet for tomorrow's option expiration, hopefully get my money back.

(Gotta keep the basics intact at all times).

Don
 
Quote from Don Bright:

I am really embarrassed....I explained to all my traders on our Pre-market morning call to be sure that they widened out their sell envelopes to insure that their short sale was entered above yesterday's closing prices to be sure that you don't get filled on any SHO stocks lower than the close price. Told them to use .4 on buy side, and .7 on sell side. I was late entering my small list (10 stocks), and accidentally sent in a .4 on both sides. This ended up costing me big time in JNJ, darn, darn. stupid.

And, with manual closings of 6 fills of 10 ended up down about $680, even with a $500 profit in WYE, which should have been $1,000.

Geez, the things I do for my bootcampers...showing them by example what NOT to do, LOL.

I'll use my good spreadsheet for tomorrow's option expiration, hopefully get my money back.

(Gotta keep the basics intact at all times).

Don
More...

Not to mention that WYE announced earnings today. So now the bootcampers know that OPGs on earnings stocks lead to nice wins :D

1 long fill, +265, 2600 shares
 
You must log in or register to reply here.
Back
Top