Monday small only 2 fills, 2 winners + 16 cents. I have school this week, trading manual in front of 45 people "what could go wrong' LOL. Don
Hi, Don. Did you mean the 4th Quarter of 2009 is the most profitable quarters so far? Are you kidding? It is even better than the 4th Quarter of 2008? Now the volume has been shifting so many away from the specialist since the beginning of 2009. and this Opening Order strategy is not so profitable as before.
Thursday, back to my automated program instead of manual in front of students, LOL. Only 3 fills, but a nice 32 cents. Don
Lescor or Don, When keeping statistics on which stocks to keep/add/remove from your openings list do you take into consideration how poorly/well you traded out of the position or just keep it at face value? Thanks
I'm not invited to answer but... If you traded poorly or made mistakes that have nothing to do with the stock in itself I would take the stats out. But there are stocks that you dont trade well because they are not a good fit to you or you have some "mental" or emotional inclinations. Suppose they are too choppy for you, like being able to trade GE but not XOM. Or that you have some stocks that you dont know well the company and have trouble to asses how it is reacting to the S&P. So you have to distinguish between make a mistake and trading poorly on a stock. Is it because you made a mistake that could have happen on any stock or is it that the problem is specific to this stock. You could even ask yourself if the strategy just did not work well on any given day. So on a day where you lost on 6 out of 7 fills, was the problem the stock or you that day or the strategy that day or how the S&P moved in the first minutes. Should you take thoses stats out... In the end, it's a judgment call.
Good answer above....the way I explain it is ..."we'll get you in the trade with an edge...up to you to not screw it up" LOL. Some take profits too soon (me), some let losses run too long (me again, LOL)....automation really helps with this of course. I was working on boot camp issues this AM, will get back to openings then. Don
Don, may I ask you to specify in your messages symbols that got filled and the envelope size? That would be really helpful. I'm also trading your strategy and would like to compare results. Thanks.