Opening Orders - 2008

Discussion in 'Journals' started by Don Bright, Jan 3, 2008.

  1. nitro

    nitro

    To both of you, if you had waited to the third five minute bar, it seems like you would have at worst broken even?

    I bet you $ Don waited a bit and escaped a little less worse, unless he is still holding short.

    nitro
     
    #181     Feb 13, 2008
  2. i did make money...+599.00

    however if i had waited i could have pulled in slb for a scratch...but would have given up gains on the others....disipline told me i had to close when i did...

    when i build up more cushion i will wait longer if prudent
     
    #182     Feb 13, 2008
  3. nitro

    nitro

    Oh sorry. I thought you went red. Nice...

    nitro
     
    #183     Feb 13, 2008
  4. 3 fills +$310 pretty basic. GE, HAL, and TWX.

    Don
     
    #184     Feb 13, 2008
  5. That's the real trick, isn't it? Waiting could get you back even, or it could double your losses (or worse). Today I did wait, and it didn't matter.
     
    #185     Feb 13, 2008
  6. nitro

    nitro

    Right, although there was resistance at 1362.50 SPX so it was worth waiting on pure odds.

    Interesting that you waited and it did not make a difference. What SPX level was it when you pressed the eject button?

    nitro
     
    #186     Feb 13, 2008
  7. It was around 1356.
     
    #187     Feb 13, 2008
  8. LOL....9:47 for last cover.

    As I've stated before, I post the "pure" opening trades, but since often times I get filled on my core stocks (children), I may dive back in. If I sell at .50, cover at .40 approx, I may resell at .60 or higher (like BMY today).

    The world doesn't end with the opening trade, as always just a good way to start the day.

    All the best,

    Don
     
    #188     Feb 13, 2008
  9. nitro

    nitro

    Don,

    Was that 9:47 CST or EST?

    nitro
     
    #189     Feb 13, 2008
  10. no fills
     
    #190     Feb 14, 2008