Don, Thanks for the kind words and the kind offer - I may take you up on that if scheduling allows it. It is true that having access to "continuing education" can make the cost of the original course more worthwhile. It is exciting that you think that the (advanced) course has improved so drastically. It would be interesting to see why... nitro
I am really stunned to hear this kind of size. When I did 3000 shares on stock like EDS, ACn which on average trade quite heavy but during opening and on light volume day can be tricky. I had to piece out and struggled to get out 1000 shares here, 1000 shares with NX and 1000 with market and different time in order not to get bad fill. If you dont mind to share, how would you get out with over 5000 shares. Would you send market orders for 7000 - 9000 shares? Usually the spec will give very bad print if you do this. Still no luck in my opening recently. Don's recent exeprience that is making a few hundred for several days then taking a hit for 1 -2 G that wiped out all profit seems to be more typical these days which was quite the opposite from several months ago. Still working with smaller scale hoping that trading environment will change for opening. In the meantime, I spent the time to do other things such as news or gapped down stock. Thanks
I always scale out, both winners and losers. I also utilize ecn's a lot. I never dump my whole position with a single order. Sometimes a stock will make an outsized move on light volume and I'm caught down 50 cents with 5,000 shares on before I can do anything about it. Sux, but it's part of the game.
I, too "scale out" - and I even "scale in" (especially to pairs, of course). One teaching goal is to help a trader get past the "I know if I cover my stock at this price, it will immediately turn around" syndrome...and if you "cover half" - then you're "happy" either way, either you make some money back immediately, or you're glad you covered half. Pretty basic stuff, but it works extremely well. Don
Don, ... grey beards dislike long hair hippies that wear sandals...hard to see hair on knuckles until up close...LOL thanks for the concern, perhaps i should've stated that i noticed the overlap while both stocks were in my trading plan individually and i saw executions/charts overlap. i believe i stated this but must've done so on another thread, around here somewhere. i do agree that correlations should be tested extensively and that inefficiencies in such a study should not be taken lightly prior to commencement of trading a pair/hedge. it is amazing to me that you are willing to share your insight about trading in such a competitive environment where 'specialties' are required for survival in an evolutionary specialist marketplace. thanks for any info. alex
23 new "test pilots" from the colleges watching...quick in quick out only $190...4 minutes. Gotta get back to setting them up. Back to you all later. BTW, "gray beards" happens....being 'hip' is still a state of mind... and you can judge by my Bob Dylan records....LOL.... Don
Hi Don, Please respond when you get the chance. http://www.elitetrader.com/vb/showthread.php?s=&threadid=38311&perpage=6&pagenumber=18 Thanks, David
UNBELIEVABLE..........I HAVE NEVER SEEN A WORSE BAIT AND SWITCH DEAL IN MY LIFE. DON DOESN'T HAVE AUTHORITY TO MAKES DEALS MY ASS! I WOULD FILE COMPLAINTS EVERYWHERE I COULD GO! BETTER BUSINESS BUREAU, STATE SECURITY REGULATORS, SEC........SQUEEKY WHEEL GETS THE GREESE.
My response was posted, in which I stated that it appeared that you chose to take the full payout deal rather than the profit split. Although I don't have all the facts in front of me, please email or PM me with all the details, account numbers, Series 7 exam (date passed), and a time-line. I will certainly check into it. I think the thread was closed, since it is not a current event that we have going. I don't want any more mis-understandings. 1 in 500 is still too many. We always prefer to discuss the arrangements in person whenever possible. I apologize for any concerns, and I will await your email. don@stocktrading.com Also, I agree about Rob, Darren, and the guys in BC. Don