What I do is looking at the S&P futures (ES) and also at the prices that gets printed and the orders, bid/ask sizes... If the ES is climbing I might hold a flat long but if the ES goes down I might get rid of a flat long. With one position it's doable but with over two I can't really get analytical.
3 fills, Short PFE 19.50 covered 19.43 53 seconds later, long GE 28.36 sold 28.38 55 seconds later, long HD 28.77 sold 28.76 20 seconds later. Total +.08. It's interesting to do such a specific trading strategy the last couple of months since my trip to Las Vegas, it has changed my other trading.
2 fills, 1 long winner, 1 short loser. +0.02 average. Tried to hold to the loser but was very stubborn. Looking at the daily chart and the way it was sticking above xx.39 made me close it. I almost at the time to look at the financial statements at that point, lol.
We might get some action Monday morning, as we got last Monday. Does that mean we should take FRE and FNM out of our lists? Good luck everyone!
FRE and FNM out of lists for a long time, FWIW. 3 fills, I cancelled a dozen or so after a few minutes. +29 cents. Don
5 fills, 1 long winner, 3 shorts winners, 1 short loser. +0.28 average. My best day so far on a cash basis (still on small volume). Cancelled a whole lot before and all the remaining at around 9:31. Some new that never filled before.
I had to resort to my older computer this weekend when my junk Dell finally bit the dust. Never Dell. Then at 9.25am I realized I was using an older version of my brokers software, and with this monster gap up I could just see it failing to execute or something weird, so I canceled all orders. If I'm going to lose money I hope it's not from something preventable like trying to run the incorrect program!