Don's openings and more for 2005

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

  1. Dustin

    Dustin

    I'd go for "business" of course :D
     
    #411     Apr 7, 2005
  2. lescor

    lescor

    Oh yeah, well I keep track of the woulda coulda's too and today if I didn't pull any stocks and held every fill until the close, I'd have been up over 20 grand. What did I really make instead? 600 bucks. Whoopidee doo...
     
    #412     Apr 7, 2005
  3. If I'd held to the close, I would have been up 39k. I love to track those numbers too. My research shows that holding to the close tends to be a losing proposition though. Today was a net loser for me. Down about $1400. Oh well, tomorrow is another day.

    Good trading to all!

    Mike
     
    #413     Apr 7, 2005
  4. hey lescor ...mschey...

    my results would have ben better at the close...but not like you gents....

    my woulda coulda shoulda p&l is based on 500 shares per stock in the oex...i block nasdaq and stocks under $5.00

    could i ask what kind of size you use to get these numbers...

    not being a smartass just asking so i can learn....
     
    #414     Apr 8, 2005
  5. In case you don't know, the fee entitles you to a lifetime of free advanced classes, only open to Bright Traders...taught 4 times per year by my brother and our best traders. And, since they usually make the $1,000 back in a week or so of automated openings, I don't think it's outrageous at all.

    Now, $3,000-$5,000 for a seminars by "book writers" who have no clue abou the markets is outrageous., LOL...

    And, we have mentioned the $capital usage for openings, that's why I don't mind "revealing" how it is done...since retail traders (for the most part) cannot participate...that's why it still works so well.

    Nitro, you're one of the "good guys" - you might think about coming back to our course (free of course)...we now have 8 hours or more of live trading during the trading day...and the classes have improved 1,000 percent....(this applies to all of you have come in the past). April is over-booked (45), but there is still a few spots in June.

    Everyone have a good opening....I have to run, I have 20+ "Test Pilots" from the College and University who are doing openings for the first time, no training yet, with our money at risk...they risk nothing...that is how confident we are with the strategy.

    All the best....to everyone!!

    Don


    Don :):)
     
    #415     Apr 8, 2005
  6. I've been doing it since the 1970's when the NYSE Specialist would "wire" us on the regional exchanges, telling us he had 200K extra IBM to buy (for example) on the opening. I would respond with "I'll sell 10,000 at 90.25, another 10,000 at 90.50, another 20,000 at 91.00)" etc., and I would get some or all of the order, knowing full well that I would be on the same "side" as the NYSE Specialist.

    We have updated and automated much of this by now of course.

    All the best (sorry for the "history" lesson).

    Don
     
    #416     Apr 8, 2005
  7. Hey Don, Will the new trade through rules have any effect on either opening orders or envelopes during the day? Also, any new info on Nasdaq opening orders?

    Thanks
     
    #417     Apr 8, 2005
  8. 4 fills 500 shaes each

    2 long / 2 short +40.00

    cxld avp...stupid..

    - 1 / + 1 %
     
    #418     Apr 8, 2005
  9. Typically, I trade 3000 share blocks on the opg. However, I also adjust this a liitle based upon price of the stocks. I.E. a $100 stock, I will do half as much as a $50 stock. Because I feel that the risk in trading stocks over 90 or 100 is much greater.

    Good trading to you!

    Mike
     
    #419     Apr 8, 2005
  10. michael thanks for your reply...

    it seems that my p&l for my size is not bad....

    how long did it take you to learn to hold or is it a matter of capital...

    it seems i have a serious case of premature execution..

    any comments would be greatly appreciated..

    thanks again...
     
    #420     Apr 8, 2005