The Opening Orders Thread

Quote from Big Game Hunter:

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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(Don't want to interfere, but I think Corey uses another platform than RediPlus)

I use my automated program on my laptop whenever I'm traveling (quite a bit these days, new offices and all). What I do is minimize the spreadsheet program, keep only a blank quote window (so I can easily type in each stock as I get filled), a message window, and a position window. Not a problem at all. I keep a NYOB montage minimized as well, just in case I am trading a "child" stock from the opening.

FWIW,

Don
 
Quote from Lee9221:

IBM had an upgrade before the open. Just MHO, but I take upgraded stocks off my list, especially on an up open of the S&Ps.
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Yeah, but I took IBM off my opening list a couple of years ago. And, yes, I take off up/downgrades from my list as well (along with earnings)...much better overall results.

Don
 
Two stupid mistakes, same stock. Wrote down CPB to take out, left it in anyway. Program did not send retrace, turned a $250 potential profit on it to a $500 loss (had 4 other fills, getting too old to handle manually, LOL).

-$400 overall.

Don
 
Hello guys,

do you put in orders with predefined stop loss orders, or are all executed orders left naked and need to be closed manually? Thx in advance!

Best regards
Saico
 
Quote from saico:

Hello guys,

do you put in orders with predefined stop loss orders, or are all executed orders left naked and need to be closed manually? Thx in advance!

Best regards
Saico
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Many do it manually, some of us use various levels of automation. My program sends in "retracement" orders at either a specific number of cents from the opening price, or a percentage. We can also send in stop losses automatically as well ( I choose not to use that function, but many do).

Don
 
Made it through Disneyland, no fastpass...World Premier of Pirates (3) - thousands of people camped out for 36 hours just to see the actors...Main Street was completely filled with "red carpet" gazers, LOL.

But, this is why I went:

DSC01597.jpg


All the best,

Don
 
4 Fills +$520 - man, WYE is usually good, pulled a perfect "shake out" on me.

Opened at 57.53, ran down to 57. 39 - back up to around 57.50 level, I bailed out of my long. Then it proceeded up to 58.13 ... "coulda" been once again.

Don
 
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