The Opening Orders Thread

Quote from Sheik:

Hi Traders,

I would like to know as applying the beta to the calculate.

beta of one year? 30 days?


What about to send x quantity of shares depending on the value of the stock .

For example value for stock = 100k

ba $70 1428 shares
wmt $50 2000 shares
T $ 20 5000 shares

Thank you very much
More...

don't use beta at all...quantity depends on liquidity and stock movement...
 
Nice Wednesday.

.3 buy envelope, 1.1 sell envelope.

44 stocks. 5 fills, all long. +$1200. KMB was super, accounted for nearly half the total profit.

All done and out by 9:35 ET.

Don :)
 
1 fill / 1 long / 6000 shares / + 276.00

- 1 .16 / + .34%

out way too quick....like 30 cents on 6000 shares too quick...

oh well..

hey don...are your envelopes upside down or am i just reading them wrong ?:confused:
 
Quote from chiguy:

1 fill / 1 long / 6000 shares / + 276.00

- 1 .16 / + .34%

out way too quick....like 30 cents on 6000 shares too quick...

oh well..

hey don...are your envelopes upside down or am i just reading them wrong ?:confused:
More...

They're correct.

If the market is opening way down, our FV calculations bring the bid price way down without any envelope...so you don't want to put in a large envelope, your bid price would be a dollar or more below previous close, thus no fills. On up days, narrow sell short, wide buy. Makes sense, eh?

Don
 
HEY
why -if i may ask are you using diff. envelope for buy vs short?
i adjust stock for fv and use the same envelope above and below.

Are you guys (chi/bright) doing the same just in a different way?
thanks
 
Quote from tradertigi:

HEY
why -if i may ask are you using diff. envelope for buy vs short?
i adjust stock for fv and use the same envelope above and below.

Are you guys (chi/bright) doing the same just in a different way?
thanks
More...

If the market is opening flat, then an equal envelope is called for.

If the market is opening way up, then we certainly don't want to buy anything close to the previous day's close (if the market is way up, and some dog stock doesn't open up, I certainly don't want to own it, unless I get it below yesterday's close). So we have small sell envelope (don't want to be so far away from the previous close that we have no chance of being filled...we are already adjusted up just with FV and futures prices), and a wide opening buy envelope.

If the market is opening way down, and since we have SHO stocks now, I don't want to short a stock near yesterday's close either...always keep short sale above previous day's closing price.

That seems to keep us out of trouble.

Don
 
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