Don's openings Part 3

Discussion in 'Journals' started by Don Bright, Jun 3, 2002.

  1. "Wow...I can't give details, sorry.....but we have one trader making well over 6 figures this morning on the opening strategy...this beats our old record by about 30,000 or so.....Filled on over a hundred stocks"

    wow that guy has nerves of steel.couldnt imagine filling on 100 stocks in a market like this.
     
    #261     Jul 24, 2002
  2. He is one of our very, very, experienced traders..."don't try this at home" (or in the office). :)

    Don
     
    #262     Jul 24, 2002
  3. Don

    I assume you and your Bright traders

    enter limit orders at a cetain % below or close to where the futures will open?


    or on gap down days do any of you just enter market orders OPG on the NYSE ?

    thanks for your time
     
    #263     Jul 24, 2002
  4. Never market orders....we calcualate based on futures, betas, etc. place envelopes ....

    Don
     
    #264     Jul 24, 2002
  5. AnonBT

    AnonBT

    Don,

    When you relate the performance of individual BT traders (other than yourself), do you have their permission to publicize such results? While I am not the trader who made over 100K in a morning, I would not like that result (or any other result or mine) put up on a public message board, if I was such a trader. Many traders do not share their results even with other members of their office, let alone the rest of the world. Are we not a "proprietary" trading firm, not a public firm?

    - AnonBT :mad:
     
    #265     Jul 24, 2002
  6. I never divulge any single traders name or account or anything like that. This "record" thing kind of took on a life ot its own a while back, and I thought it might help cheer people up a bit. All trader numbers are reported monthly to regulators, no where else. And, in this case, there were several who did the same thing.

    I respect your privacy issues.

    Don
     
    #266     Jul 25, 2002
  7. 1 fill today +.20
     
    #267     Jul 25, 2002
  8. 2 for 4, but lost a bit in TXN....it happens....

    Don
     
    #268     Jul 25, 2002
  9. lescor

    lescor

    4 longs, 8 shorts, grossed $3.05. Similar results yesterday. The action in the first few minutes wasn't too wild, so I found it a lot easier to manage things.
     
    #269     Jul 25, 2002
  10. Good for you!! I hope it continues along these line....3.05 is great!!

    Don :)
     
    #270     Jul 25, 2002