The Opening Orders Thread

Quote from jjay:

Hello everyone, I'm a first time poster here.
I've been doing openings on and off for some time, though not in a systematic way.

I have a spreadsheet with a list of 82 stocks, but I send orders out manually, which sucks and usually only have time to send out orders for about 30 stocks.

My question is for EASTSIDE,

I have JNJ on my list as well. I didn't have time to send orders for it, but with .5 sell envelope, (selling JNJ at 65.49) I would have gotten a fill.

How did you get a fill with 1.2 envelope? or am i missing something?

Thanks
More...

I had .2 for sells & 1.2 for buys, since we were gapping up decently.
This put my original short for JNJ at 65.38, then I manually added another layer at 65.18 & got filled on that order at 65.33 where he opened. No fill on the 65.38 order, so glad I added the extra layer for him. You would not have gotten a fill with an order at 65.49...too wide.

Good trading & good weekend
 
Quote from eastside:

I had .2 for sells & 1.2 for buys, since we were gapping up decently.
This put my original short for JNJ at 65.38, then I manually added another layer at 65.18 & got filled on that order at 65.33 where he opened. No fill on the 65.38 order, so glad I added the extra layer for him. You would not have gotten a fill with an order at 65.49...too wide.

Good trading & good weekend
More...

Sounds like a good envelope, but don't we normally "add layers" at worse prices? My first was .2, second .8 third 1.8 for example. But, if you just wanted to get filled, like I do with GE sometimes, I too manually just add it.

Have a good weekend.

Don
 
Quote from Don Bright:

Sounds like a good envelope, but don't we normally "add layers" at worse prices? My first was .2, second .8 third 1.8 for example. But, if you just wanted to get filled, like I do with GE sometimes, I too manually just add it.

Have a good weekend.

Don
More...

Yeah I just wanted to get some fills today & when I reviewed the orders .2 looked too wide for some stocks that don't gap too much. I only tighten on stocks that usually behave well like JNJ & yeah GE...I don't do it on more volatile stocks. I either add a layer tighter or just tighten on the price with the same layer if I only want one.
 
I had .2 for sells & 1.2 for buys, since we were gapping up decently.
This put my original short for JNJ at 65.38, then I manually added another layer at 65.18 & got filled on that order at 65.33 where he opened. No fill on the 65.38 order, so glad I added the extra layer for him. You would not have gotten a fill with an order at 65.49...too wide.

Good trading & good weekend.
More...

I qouted the wrong opening price in my post , but in any case my question was about the envelopes. Thanksfor the reply, eastside.

1 fill today on that crazy bastard ATI ( which i rarely play), was in the money about 40 cents but held on too long and watched it turn into a loss.
went with .5 envelope on both buy and sell side.
 
You must log in or register to reply here.
Back
Top