Don's Openings and More for 2006

Discussion in 'Journals' started by Don Bright, Dec 30, 2005.

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  1. Midas

    Midas

    Don,

    How do you see the new hybrid model effecting OO trading?
     
    #1131     Dec 26, 2006
  2. So far, no changes that I see. It is more important, however, that you get your "slingshot" orders in quickly so that if they sweep the book, you'll get filled.

    Don
     
    #1132     Dec 27, 2006
  3. Nice Wednesday +$752 on 5 fills. Good example of "slingshot" - went in from program to pay .67 on JPM, got .60 on the sweep...nice!

    Back at ya tomorrow!

    Don
     
    #1133     Dec 27, 2006
  4. Thursday, 2 fills (WMT and SFD), made about $350. Pretty slow, eh?

    Don
     
    #1134     Dec 28, 2006
  5. kwancy

    kwancy

    What is "slingshot"?
     
    #1135     Dec 28, 2006
  6. An immediate retracement order to participate with the Specialist if he makes a quick trade after the opening.

    Perfect example this morning. HAL opened at 31.00, my computer put in a sell order for 25% of the shares at 31.06, the stock immediately printed 31.15, and he had to include my shares...then the stock went right back to 31.06-31.09 or so.

    BTW, any new guys should go to the "How does "Market Open" affect your trading thread under "Trading" - Lescor did a great job of explaining the strategy, and I helped a bit.

    Don
     
    #1136     Dec 29, 2006
  7. Slow Friday, 2 fills +$260.

    Don
     
    #1137     Dec 29, 2006
  8. Took a nice extended break since the 22nd, and from the looks of it, everyone but Don did as well.

    I'm assuming you are going to start a 2007 thread Don, so I'll wait to post today's result.
     
    #1138     Jan 3, 2007
  9. Magna

    Magna Administrator

    #1139     Jan 3, 2007
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