I'm not sure how the numbers could be off...aren't you using an excel sheet for at least the pre-opening calculations? Sometimes FV is input wrong...perhaps that's what happened. Anyway, only one fill ...a crappy one, LOL. -$300... Don
reworked my opening range and i would have gotten 1 long fill...ge god i hate it when you do dumb shit.........
1 short scratch. Held up until I finally bailed, and then went 20 cents my way. Of course next time I'll be even more patient and it will gap against me...
4 fills / 6500 shares 4 short / +170.00 - .15 / + 1.35% didn't do anything blatantly stupid today other than close a little premature... a definite case of premature execution...insert joke here... max profit was around 880.00 @ 08:46 cst...just glad to see green today...
2 fills only, +$300 approx...up for the week (lost yesterday, stupid CVS)...LOL.... I've been sharing info with some of my top "opening only" traders the last few days....same, but several, styles seem to dominate. 1. 10-20 stocks, tighter envelopes, 2,000 - 4,000 shares shoot for 6-12 cents on an average 3-4 fills. Manual entry exit. 2. Auto entry of up to 40 stocks, adjust envelopes based on up/down bias and sector/beta. Cut losses immediately, "ride" winners...manual exits. 3. Auto entry with layers (this is what I am doing currently).. 2,000 shares at (for example only) .5 envelope, 1,000 with 1.0 envelope, 2,000 more at 1.5 envelope. Up to 150 stocks. Auto exit with variable pricing from 5-12 cents. I auto exit price for half the total number of shares, preferring to "tape read" to hopefully extract more $$. 4. Fully automate entry and exit, 100+ stocks...stop losses set for 100% "market" orders at a range from 5-15 cents, profits set for 100% cover at price from 5-15 cents. 5. "Fully" automatic entry exit with trailing stops for profits...this "sounds" really good, but is subject to "outside" errors based on position window triggers (if position window is slow to update, which happens during especially busy mornings). So, my reason for all this? Heck, I don't know, all I've done is "prove" that there is several ways to approach the same strategy...all of which can be very successful. A few are testing entering at the opening, exiting with MOC orders..this was done successfully in the 1990's by a group in San Francisco...giving them more time for surfing, LOL. Who knows, it may be working again. Back to it, Don
i remember asking don the same question when i first started...it seems that most opening winning trades seem to stay that way throughout the day...does anyone do this???... it seemed kind of a not so sane idea... i had no idea people actually did this... i personally have trouble holding the trade for 15 minutes let alone all day... somebody else try it and let me know how it works...
Don't take any particular method as a recommendation....no reason to not build a "hybrid" of your own....and, Chiguy...it would be nice to have others experiment for you...eh? LOL. When traders (usually brand new) come to me with "earth shattering" ideas, I simply tell them to do a few thousand extra shares and send me a check....tha generally slows them down a bit... Don