The Opening Orders Thread

Quote from lescor:

That TXN headline hit with about two minutes to go to the bell, I canceled all my orders in time. You have to watch constantly, even after you've sent your orders...
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If that is true, i.e., that fading these types of stocks as an opening order trade is a bad trade, then it seems that taking what would be the other side of the opening only trade should have positive expectancy above risk. In other words, you cancel the opening only order, and instead put in order to take the other side of your OO computation trade - in other words, where the other side of the order you canceled.

You at least catch other OO traders that are not paying attention.

nitro
 
Quote from nitro:

If that is true, i.e., that fading these types of stocks as an opening order trade is a bad trade, then it seems that taking what would be the other side of the opening only trade should have positive expectancy above risk. In other words, you cancel the opening only order, and instead put in order to take the other side of your OO computation trade - in other words, where the other side of the order you canceled.

You at least catch other OO traders that are not paying attention.

nitro
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Yeah you could, but IMHO the news stocks end up being a 50/50 shot, so I just cancel.

No fills today...darn it (as Don would say :p ) I was hoping today would be good like last month exp.
Canceled GE & T & didn't add too many more.
Used .8 for buys & .2 for sells then even tightened a few & still missed getting fills by a couple cents on a few.

Good weekend to all
 
Disappointing for an expiration day. Only 3 fills +$340.

We did have one guy make $9,000, but he does that with some regularity (up over $400K this year alone). A couple of new(er) guys had 10-15 fills, all winners.

Oh well....heading to Disneyland after the Close. Taking my son and 2 grandkids - haven't been there in many years, looking forward to it. I actually went the frist week it opened, 1957 I think, a "50 year span" I guess.

Don :)
 
Quote from Don Bright:

Disappointing for an expiration day. Only 3 fills +$340.

We did have one guy make $9,000, but he does that with some regularity (up over $400K this year alone). A couple of new(er) guys had 10-15 fills, all winners.

Oh well....heading to Disneyland after the Close. Taking my son and 2 grandkids - haven't been there in many years, looking forward to it. I actually went the frist week it opened, 1957 I think, a "50 year span" I guess.

Don :)
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Two Words.....FASTPASS! Only way you can get enough rides and adventures in. The Pirates of the Carribean has been updated and was pretty cool, and a nice cool break from the outside heat.

Have a good time, was just there in April!

As for the open, almost a shut out, one fill! Small profits! :(
 
I agree with mschey on the Fastpass. Was at Disney World last spring and enjoyed it way more than I would have if Fastpass wasn't available. (They are free, by the way. They just allow you to schedule what time you will ride a ride, rather than wait in line).

No fills today, blocked a decent chunk on news. Lame week of OPGs for me.
 
Yeah, fastpass sounds like the way to go. 2 year old and 4 year old, two 25's, my lovely wife (xx years old, LOL), and then me, the fat grampa who probably can't fit into the stupid roller coaster cars at Space Mountain (is that still even there?). I think they have a bar (ESPN zone) right next door, LOL.

I'll likely need a Segway by day's end, at least the park is closing at 6PM on Saturday (I'm told).

Don
 
Hi trades,

today i had my worst day ever with option expiration

-$1051 54000 shares

27 order sell of 1000 shares

if i had not sent ibm and jnj , i had won because i had waited some more minutes.

The problem was not to see the bad trade, only i saw the p/l and sp futures. I use partial cover or flatten all, not stop.


ibm $-350
Jnj $-250
aXP $-150


Advice are welcome

Good weekend.
 
Id like to ask a quick question to Corey/Lescor if thats OK. Lets say that I want to automate a strategy across 30 stocks using the REDI plus API . How possible is it to do this on one computer and on one screen? Currently with Interactive brokers you have these large panels that are programmed in excel where you can fit say 9 on a screen or more if you minimise them on the toolbar. This is fine but if you want to trade a lot of names at once then it gets very cumbersome. However the VB excel programming means that the port into REDI should be very easy. My issue is that from a practical standpoint life would be a lot easier if all those names could be managed from one screen instead of spread across a lot of screens and computers. I was wondering since you have experience with trading lots of stocks at once what the best way to keep an eye on things while minimising the amount of screen real estate used? Thanks..
 
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