filled on three quarters of my stocks- wow. Very hectic, but just weeded 'em out and....... netted 20 cents after commission.
Filled on 6 of 17 (using .8), profit on 5 (shoulda been 6 for 6, but i was 2 seconds late covering txn). Net 70 cents.!!!
quote: -------------------------------------------------------------------------------- Originally posted by vhehn don.what rules does the amex have for openings.can this work on the amex. -------------------------------------------------------------------------------- Yes, they have similar rules to the NYSE for openings, so go for it!! __________________ thanks don for answer.one more question.how do amex rules work for intra day order fills.does specialist have to fill retail first like nyse?i had an order on a low volume stock sit 2 hours today at the ask price before it filled even though there was volume.can amex ignore you?tia
Guys, Sorry my first time posting here at Elite Trader forum, attended Don Brights San Fran, seminar, excellent IMHO...anyway DOn and his brother just touched on the envelope type of trade, is their anywhere here on ET that I can read a cogent description of the trade.....also does anyone have any good idea's on morning screening for stocks to trade <that> day or do most of you have a "basket" or one or two "favorite" stocks that you become intimate with and only trade those? BTW - I'm now addicted to this ET site an forums....lol John aka mrktwiz
Used .8% envelope today Filled on 3 today: GE short +.15 JNJ long +.01 (should have held it longer) JPM short -.06 i can buy lunch with that money (better than losing though)
netted only 13 cents after commission, 5 fills, 3 wins 2 losses, but I let on of the losers get away for -31.