What's all this baseball stuff...get back to work (LOL)... OK, I think (hope) that my spreadsheet is working correctly...and I hope I don't jinx anything by starting fresh in April here with daily/weekly postings. April 3 +$300 April 4 +$800 pretty good start. I'm sending in two layers at this point on 51 stocks. 2,000 shares first layer, 1,000 shares second layer (I want to be sure that the wider openings are, in fact, more fruitful). I have my automatic retrace order set at half of the shares (either 1,000 or 1,500 depending on number of layers)..and for 6 cents only. I am manually entering the other half or slowly letting them out if the stock is going my way. I am not using the automatic stop loss yet, but will as soon as I have it trigger from the "last" vs. going in from opening price. I'm hoping to wait for a 12 cent print against me and then sending in a limit order for half a nickel above/below bid or offfer. For now I'm happy to watch for "red" in my position window. OK, let's hope for no "jinx" - I have made money 14 of 15 days, but as I said, will post starting with above. All the best, Don
3 fills / 4200 shares 2 long / 1 short...+324.00 -.7 / +.8% out quick...no feel this am...sick... back to bed...
Hi Don, Are the figures you post gross or net? Would you, also, have any problem in posting total shares traded?? Thanks
Sure, I'll post my spreadsheet at the end of the month. I put in 2,000 shares first layer, plus another 1,000 a bit wider....makes no sense to post net, because everyone pays a different amount. Today was 3 stocks, all 2,000. Don
3 fills today. Only did buys due to 1st wk of the quarter. Mer +.10 JPM + .08 XOM b/e 1,000 shares each Small profit
I just started to trade opens this week, starting with 100 lots. So far 2 days up, today down. question: What determines the percentage of your envelop?
Hi....good start...we look for new people to have about a 70% win rate. A couple of factors come into play when determing the prices you enter. First off, you must calculate the estimated opening price based on the FV of futures just prior to the opening. After you determing that, then see how far away from actual closing prices the futures are trading and the closer to zero, the more narrow the envelope...but if the market is going to open up or down a whole bunch, then widen the envelope. In addition, it depends on how many stocks you're putting in, and how many you hope to get filled on. I suggest 3 or 4 fills as a good starting point....if you get less, narrow the envelope, if you get more, widen the envelope. Then you may start with layers....xxxshares at .05, xxx shares at .09 etc. Good Luck! Don