Way too many variables to post on a public board. I can say, however, that all shares above 1,000 on any given order are .004 for beginning traders. We negotiate rates on a case by case basis, based on things like longevity, share volume, and trader status (affiliate, corp trader, etc.). Don
My current bootcamp has a 83.33% Win/Loss record for the opening only play, FWIW. Making from a nickel, to a dollar on individual trades. 83.33% win/loss ratio on opening only play? That seems WAY to good to be true. 50/50 is considered very good from what I know. Why wouldn't all traders be successful with that kind of a win/loss ratio? Even with poor money management, I would think an 83.33 win/loss ratio would more than make up for that.
Because trading is NOT free money. Trading is Hard Work ! Mind you, some people can breeze through hard work with no sweat.
trading at the open,especially gap ups on news/earnings requires experience.you can get killed ! i trade this way and have been doing it for years and have earned my stripes so to speak but it is not as easy as people make it out to be.if you played SIGM on the gap up or OVTI tou would have been crushed in 2 minutes although SIGM bounced again most traders were shaken out fast and furiously.
Remember guys, the only real "opening only" order is still on the NYSE. Sure, you can make money trading gaps, but I like the extra edge trading the opeing print because I know the Specialist is the same side with me. But, if you have a 70% or better win/loss ratio, then by golly, keep at it, LOL. Don
Oh man, we have discussed this for years, in quite a bit of detail on the "Opening Only Strategy" thread (in the Journals section). Read through there and/or do a search in "Don's Opening" going back to 2002 I think. Then, feel free to PM me with any specific questions. Glad to help, Don