Looks flat this morning, narrower envelope with a dropped bid on AOL. We have students again, we'll see how it goes today.
It usually makes sense to "fade" these up/downgrades, since analysts know nothing for sure (we all know that), and all that their "rating" is good...
You have hit on one of the primary reasons we have all of our traders focus on the opening only strategy. Not only does it make money for them,...
The best note I've seen on the board....and if you really want to thank me...just do your best, learn all you can, and plan your future with a...
Thanks for the kind words....my brother and I will both be in S.F. for the seminar. We will be glad to invite traders to visit any of our 3...
The pricing is based on the fair value, and has nothing to do with where the stock closed the day before. If the market is opening up 5%, then...
Strategy the same....the envelopes may change due to differing volatilities.
The envelopes are based on expected opening price (from fair value calculations and beta, etc.). The sell order is usually above the prior...
Why would anyone ever want to do anything else other than trade. ?? A vacation without a laptop for trading is really no vacation at all. :-)...
You will only use bullets when the expected opening is below the previous day's close. If you don't want to use bullets, simply put the SS (short...
After the opening play (where you need to see green and red P&L for closing trades), we rarely look at P&L). You know exactly how you're doing...
There have been many posts regarding Generic Trading ...so anyone who is interested can check them out here on ET. They are an "old line' firm,...
Had students here this morning (to authenticate the trades..:-) Only filled on 2, made money on 2 gross = $400 (could've made more, but had to...
Thanks, Def. So you can put in buys and sells on the same stock, and as many stocks as will fit in under the margin rules . That's good, I hope...
We don't use automation for the "enveloping" - since we only trade a few stocks at a time, it only requires a couple of changes every couple of...
Trade throughs are covered in day one of our class (however, for my friends at ET) - When the Specialist has to fill a block trade trade away...
I have used the same stocks for a year now. 2 banks, 3 brokers, 4 drugs, 2 retailers, 3 techs, 2 financials, and GE. I prefer not to give...
I am told that it falls into the catefory of "advertising" to retail customers, which is prohibited by the regulators (for professional firms)....
I would but my Compliance Officer won't let me...(Hi Diane!). There are concerns about "public display" by Broker Dealers, etc. (legal stuff). I...
Thanks, def...I was actually hoping you would respond. I have "class" this week, and I want to be clear on the current requirements at IB (it is...
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