Opening Orders - 2008

Actually "Market on Close" from the published imbalances. This strategy has gotten a bit easier and safer since July when they started to update the imbalances every 20 seconds or so.


Don

 

Ok, thanks, and feel free to leak more details. As I study the Series 7 material I'm also putting together an equity trade plan.

 

With the constant updates when does one initiate the MOC trade or does one build into a position according to the updates?

 

"All MOC orders must be received at NYSE by 15:40 ET unless entered to offset a published imbalance. "

"New York Stock Exchange (NYSE) rules also prohibit the cancellation or reduction in size of any market-on-close (MOC) order after 15:40 ET."

 

Deception.
4 fills, 2 longs, 2 shorts, all winners. +0.16 average.

 

Decent.
8 fills 4 longs, 4 shorts. 7 winners, 1 loser. + 0.11 average.
Cancelled 50%, played tight.
Shaky open.

 

3 fills short -0.07 avg, 2 wins 1 loss

WMB tough short.

 

Slashed WMB and all oils on a likely OPEC cut.

 

Yep, blocked a bunch, somehow missed that one. On the other hand, HAL short moved very well.

 

Every once in a while KO gives me a big winner, +.22 on that short, and +.08 on trusty PFE short.