Opening Orders - 2008

2 fills / 3200 shares

2 short / - 152.00

wy...what a ride...couldn't find any direct news...just some related...temple inland...

gut churner...thank god for tape reading skills

 

30 candidates / 1 block

23 winners / 6 losers

23 auto close / 6 manual

-770.00

 

3 long, 2 short, -142, 4300 shares

 

What is your win/loss expectation?

Curious. with 23 winners and 6 losers, it seems strange you are down for the day.....

 

i am still working on the exit details of the strategy but here are the stats since 4/28/08 (including today):

Total P/L 8650.00
Average Gain 0.19497992
Average Loss -0.767307692
Winners 249
Losers 52
W/L Ratio 4.788461538

 

2 fills, 2 longs, 2 small winners (+0.06)

 

Since your results are from "paper trading", I'm curious as to

1) How many shares have you traded ?

2) Are you including commissions and if so, how much ?

3) Are you including slippage (this can be a huge factor in real life fills) ?

Thanks for the update and good luck.

 

1 fill, 1 long winner on 3 layers +28$ on 300 shares
Sort of increased size by tightening the second and third layer.
Cancelled 24 out of 50.
I guess next week I will tighten my first layer to get more fills.
I might also get rid of some I added last week end. Things like FRE and FNM that I dont fully understand.

Good week end all

 

4 fills / 4800 shares / 4 longs / + 142.00.00

whooppee...

 

Quote from DonKee:

Since your results are from "paper trading", I'm curious as to

1) How many shares have you traded ?

I am basing all of my trades on 1000 shares per stock.

2) Are you including commissions and if so, how much ?

Yes, but the number quoted yesterday was gross. I am factoring in .005/share. This seems to be a good average rate for the type of strategy and number of shares i would be trading.

3) Are you including slippage (this can be a huge factor in real life fills) ?

I am averaging 0.143846154 points of slippage overall, but when factored into positive or negative slippage (i.e. a better or worse fill) i am averaging a positive .03849 point fill. The positive slippage is due to initial jumps on gap ups and drops on gap downs. I am not sure how to interpret the positive fill yet, but it was something that i had noticed and pondered its relevance. I am still collecting other data and though i am keeping an eye on slippage i am not at the point in my plan where it is my main focus. Also, I can not rely on a paper trade setup to help determine slippage for obvious reasons.


Thanks for the update and good luck.

Thanks for the interest and good luck to you too.