Don's openings and more for 2005

Discussion in 'Journals' started by Don Bright, Jan 3, 2005.

  1. chiguy, what do you mean by "now i get to wait till the last second like everyone else...."?

     
    #1021     Sep 16, 2005
  2. Flat Monday....4 fills, even.

    Don
     
    #1022     Sep 19, 2005
  3. 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...
     
    #1023     Sep 19, 2005
  4. 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
     
    #1024     Sep 19, 2005
  5. danjos

    danjos

    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
     
    #1025     Sep 19, 2005
  6. 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
     
    #1026     Sep 19, 2005
  7. 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.
     
    #1027     Sep 19, 2005
  8. thanks for the kind thoughts....

    trading fdx much better intraday though...
     
    #1028     Sep 19, 2005
  9. 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...
     
    #1029     Sep 19, 2005
  10. 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)
     
    #1030     Sep 19, 2005