Don's Openings, Part 6 2003

Discussion in 'Journals' started by Don Bright, Jan 3, 2003.

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  1. You should be able to put in both sides (even with IB as stated above)....the real problem is, of course, the capital usage required to make any money. 20 stocks, 2000 shares (buy and sell) = 80000 shares ($2-3 Million of "usage" not "risk" for obvious reasons).

    Be careful with the 2 account approach and the "pair traders" (long and short) approach.....looks real appealing, but there are universal limits and restrictions that apply.

    Good Luck, trade well....

    Don
     
    #201     Feb 18, 2003
  2. cashonly

    cashonly Bright Trading, LLC

    I got no fills today.

    I used a .85 envelope and I think that was too wide for this morning.

    Cash
     
    #202     Feb 19, 2003
  3. 4 for 5, only $100.....got a bit stuck in CCU.

    Don
     
    #203     Feb 19, 2003
  4. 2 fills

    1200 each, 14 and 25 cents

    $468 (minus comm)
     
    #204     Feb 19, 2003
  5. no fill, .09 envelope, dang
     
    #205     Feb 20, 2003
  6. cashonly

    cashonly Bright Trading, LLC

    No fills today on a .71 envelope!

    What's it gonna take to get filled!
     
    #206     Feb 20, 2003
  7. 1. Too many doing OO (20 new traders doing OO in any stock will have an impact on the imbalance, even IBM)
    2. Less volatility
    3. Less institutional participation
    4. Low volume
    5. No dumb money anymore
     
    #207     Feb 20, 2003
  8. jester

    jester Guest

    ......I couldn't agree with you more....you hit it on the head....(and now a rebuttal from Don).........

    J-
     
    #208     Feb 20, 2003
  9. what are you trying to say pasternak?

    that the number of people using a certain strategy tends to take away its edge? that the OOs aren't the royal road to riches they're flogged as?

    :eek:
     
    #209     Feb 20, 2003
  10. I'm not sure if you're being ironic...... come on.....we're all fighting to get filled in the same 100 stocks....forget the rest of the 2000 NYSE stocks....
     
    #210     Feb 20, 2003
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