Opening Orders - 2008

4 fills, all shorts, 3 winners, 1 loser. + 0.19 average.
Could have been more patient.
Cancelled over 60%, played tight.
What a month!

 

Hi, I am new to this thread. Seems like an interesting strategy. There is just too many messages to read for a beginnner. Can some summarize or point me to how I can setup this strategy.

thanks,
Tom

 

1 short in KO, got out fast in time for hard reversal up, +.06 on that.

 

5 fills, 3 longs, 2 shorts. 4 winners, 1 small loser. +0.12 average.

 

Nothing much to report...traded small list manually in front of class (good class, about 38 attendees).....anyway, down 2 cents yesterday, up 9.5 cents today.

Back to "normal" spreadsheets tomorrow.


Don

 

DUK -.07 and PFE +.05 and went lower without me. I should've brought up chart on PFE. Upped size today so probably chicken from that.

 

3 Fills all long. +4c/sh (Total Shares In/Out)

 

When everyone says "5c/sh" do you mean total shares or one side.

 

For me if I trade 100 shares and make 10 cents I say +0.10 average. So it's one side and it make sense that way!

 

How many shares, on average, must one trade to make a living from opens? Or is opens to be used as one of a few strategies?