Opening orders (OPG orders)

Discussion in 'Strategy Development' started by peilthetraveler, Dec 14, 2005.

  1. So i've been doing opening orders for a month now....but it seems like for every up day i have, I have an equal down day. Im starting to question whether or not opening orders works or is just a commission generator that keeps you even.
  2. Well it has to work because i can think of 2 guys on this board who make thick cash doing it. Not to mention Don Bright has tons of his guys making cash doing it. Your strategy must just need tweaking.
  3. Very little edge just taking the opening print on a stock. They key lies in your ability to trade. It's what you do once you have the position on that makes it a viable trading strategy.
  4. The opening orders strategy as most on these boards trade it, is not some system that just hands you cash. You get thrown into some positions with a very slight edge and then you trade out of it, that's it. No magic bullet.

    Sorry to disappoint if you were expecting easy money. They're printing that over in the SPX credit spread trader thread ;)