thanks don and shreddog!! i have to start out by doing 100 or 200 to start out with yeah GE is really thick you be luck to get a dime or two out of it. oh BTW Don is your platform automated to have your calulations done and orders placed minutes before the open? i'll have to stop by your booth for the expo
1. One, two, or three letters in the stock symbol, large cap. 2. Determine estimated opening price based on futures - FV. 3. Envelope that price. We do trade all day....this is just a good way to start the morning with an uptick (usually, LOL). It is just plain stupid to not trade during the first hour and the last hour of the day....(sorry to sound rude, but even my friends st Schonfeld saw the light a number of years ago). Don
We have several automated programs that we use, with various levels of sophistication. See you at the Expo...join us for our Christmas party... www.stocktrading.com/party2005.html Don
I was stupid today... i forgot to update the closing price for WYE and it went straight up after opened, and of coz i got filled at the worst price since my closing price wasn't being updated. Got filled short at 43.61, it went straight up to 44.00... wut a stupid mistake to make Anyway, here is the result: 17 Stocks/ 34 Orders, 4 fills Winner: CVS (Long 10 cents), KO (Long 11 cents), SLE (Short 2 cents) Loser: WYE (Short 19 cents) !!!! i will be more careful next week.
Something fishy went on today....10 fills all short 7 losers 3 winners... -2100 worst opening orders ever...had a .5 envelope...you can bet that envelope is moving to .7 now
3 fills 1000 shares each on 77 stocks (154 orders....) LUV long HLT long AES Short total net $245. LUV and AES were winners... HLT was a scratch... until monday... mnx
No fills again today...with a .4 envelope.....missed HPQ by 2 cents, bummer.... I am working on the "next level" spreadsheet and will start adding layers next week...should be going full bore by Jan 2. Don
question for people that do over, say, 20 stocks. how do you track them all if most of them get filled? do you have automated routines to close them out? thx.
I close them out manually. The stocks i am in i can see in my position monitor box and it tells me how much I am up or down in each specific stock. My basket of stocks is 18 stocks