If you're at a prop firm, you can't trade odd lots (under 100 shares). 100 shares of GS would have $18,000. $1500 worth of GS would have been like 7 shares or something....???? Can't have "market" (marketable) orders when the market isn't open, so, yes, probaby switched to opg order type. Don
Thanks Don. Although I've been trading GS for over a month now using position sizes under 100 shares. I enter using a market order and exit using a limit. Could that be the difference from what you are saying? Does your firm have any safeguards in place to prevent someone from buying over their buying power? I had my platform set to a limit of 1000 shares and my BP was at $180K, so it seems the firm could be responsible for part of the mistake. Maybe just wishful thinking on my part, but would be interested in your response. Thanks
Going in with .2 envelope on the sells & no buy orders & manually adjusting from there...cancelled GE Good luck to all
No fills :eek: A bunch on my list were indicating a gap down open but I didn't have time to get the buys in at that point...looks like they worked good too (drugs, T, KO) Good LONG weekend to all
Its good to have indications back. Imbalances would be even better. Definitely a lot to sell today. Three fills all off indications. +2300 net. Definitely was more out there. Lescor?
Nice going spoonman. I don't usually like to buy on a large gap up, but on expiration I "woulda" made an exception if we had the indications showing the sells. New rule: always enter both sides on expiration.
Had all buys pulled given the big early gap in the futures, didn't notice the futures tanking until right as I was about to send in my orders. Had a mad scramble to reset my order spreadsheet putting the buys back on, and reblocking the stocks I was pulling, and didn't get the orders submitted until right at the bell so I thought I was hosed. 5 long fills (two on test positions), 4 wins and a scratch, +2598, 7200 shares. The mad dash had me a little rattled so I was just banging buttons at the open. Cost me about $1500 in slippage on one fill. There looked to be quite a few good moves out there.
Similar story, pulled buys. My niece put in her buys and made $20K on them, LOL. Anyway, still testing new program +$220 on quarter size shares. Have good long weekend everyone! Don
At most I widen out buys or sells, but not by much and I never pull one side completely. Across all opg strategies today, +48k. Almost all of it from longs. Some VERY sloppy trading on my part, left tons on the table.