2 fills, 2 long winners. +0.53 average! Cancelled a lot, larger envelope. Getting tired of cancelling a bunch. Many non financial unavail this morning for me.
Sure, we call them "Bright Bands" (can be found on www.trade-ideas.com )..... we use volatilty to determine standard deviation moves intraday. We take volatility (based on an average of year/quarter/month, smoothed to latest directional move, up or down). Multiply by stock price, and divide by the square root of time (in this case 19). Rough example: GE around 35 volatility. Price around $25. 35x25= 875/19= around 46 cents for 1 std. deviation. Now you can either look at intraday hi/low from open, or go from previous close ( a bit more than really necessary) to determine entering prices and likely retracements. Don
First opening I did for a while. Nice long in GE but got out before the move to 25 and even 25.20. Small loss short DUK. I know, cancel shorts on large gap downs....
Wow. I send in a basket of orders of which some are shorts are not executed due to the fact of you can't short those 800 stocks but hte past few days WOW, i've been w/ a very long bias
I noticed I have been doing best with T, and with this news based market I have been maybe too wary of opening orders. This am only 1, long in T +.08.
Yeah. I took out COP a while ago after it hammered me a few times. Meanwhile PFE T are consistent earners. Also, I haven't been doing openings on some of these big news days, probably a mistake but, in my thinking openings are for more mundane conditions.
one fill DOW, +15 cents played the pseudo-opening on WB as soon as bob pisani announced it...bought 1.26 sold 1.41 almost 35 million shares crossed on the first NYSE print...shoulda held out longer
Took most of financials out on fear of a last minute news. I dont play them but I'm sure someone could without a problem. I still have some oil/gold.