Hmmm, I actually got price improvement. My program sent in a 36.84 offer (for half) and got filled at 36.86 and 36.88 .....88 was manual. Just lucky I guess... Don
offered 36.89's and nyse traded 13400 @ 36.88...gave up and canceled after print... offered 38.86's 3 minutes later and block trades 38.86 as i am entering order and then trades lower...i cancel and move to other trades... timing or luck is everything how they say...
Cancelled all retailers plus MRK GE DOW on news 1 fill long PG at 60.05....I remembered it was weak yesterday on a strong day but left it in anyway. Well he tanked it down to 59.84 so fast I didn't have time to get in an order (luckily) then bounced back up just as fast . Got out of some at 60 & the rest at 60.12 for 3 cent overall profit.
Be careful on those "tank" moves right off the open, as it can be pretty common to see. You don't want to be too quick to bail out if it does not continue going against you. Lots of people try to add more shares on these types of moves, in anticipation of the bounce. You really have to know your stock to do that, though.
What are some stocks that experienced Opening only traders recommend for a newbie? Lescor recommends the Dow components as I remember from one of the threads concerning this topic, what else? thanks
Right...seems like when it is that fast, it comes back at least part if not all of the way. If not, in addition to adding, you can also look at pairing it off with something.
Sounds silly, but be "cautious" about using too much "caution". Remember the "buy on rumor, sell on news" theory. When "stuff" comes out, larger gaps...then common sense kicks in, reversal happens. Don
2 fills / 3500 shares 2 short / + 213.00 - .35 / +1.65% widened the envelopes a little today...basically made no difference...today out by 9:35... blocked 8 of 85