since there are no opening imbalances i have to wait for opening indications to make a trading decision... i won't execute until 8:29 CST for arb or o/o... what i am saying that we no longer have the edge of a pre indication look...
happy monday ??? 14 fills / 1000 shares each - .75 / + .75 % -68.00 forgot to block oil service...cost me -230.00 never saw fdx coming...never had a chance -410.00 so given the 2 errors.... if they are that (well.. oils were)... not really a bad day.... time to take my lumps and move along... complete manual exits with trailing stops...system says -3350 @ 9:14 CST...looks like i need more coffee
Down 500 USD with lots of fills. Friday and today , I expected to get good result but so far very lackluster. Hope the new rules wont take away the edge for openings. Will remain to be seen in the nest few days
Today, I had an error and couldn't send orders. Usually this is bad, but, it seems the trading gods have shown favor on me this day. As for the specialist not showing their hands on the imbalances, I don't see it as a big deal. We will just have to adapt and change our strategy! Does seem to give another unfair edge to the specialist though! Good trading! Mike
Hmmm.... decent day for me. 10 fills, +700 net. I don't have FDX on my list though. Sorry to hear you did Chiguy. It's been choppy for the last few days.
5 fills, only 1 win, -275. Out of character to have a down day with more fills than usual. Oh well, at least the Steelers won yesterday...
I thought the rule change ONLY affect Expiration Fridays. No? Below is SEC approval of the rule change. Am I missing something? ----------------------------- ACCELERATED APPROVAL OF PROPOSED RULE CHANGE The Commission granted accelerated approval to a proposed rule change submitted under Rule 19b-4 under the Securities Exchange Act of 1934 by the New York Stock Exchange (SR-NYSE-2005-54) to amend NYSE Rule 123C (Market on the Close Policy and Expiration Procedures) to eliminate the requirement to publish pre-opening Market order imbalances on Expiration Fridays. Publication of the order is expected in the Federal Register during the week of September 19. (Rel. 34-52421)