4 days ago -3000...one stock was all the loss...CI 3 days ago -2140...once again watched 1 stock kill me...WY yesterday +1200...finally today one fill +200.00... not been myself lately...
Excuse my language but damn that sucks. Are you going to take those stocks off your list or adjust size ??? Anyway...you've been doing this long enough to know over time it is a profitable strategy, so hopefully you just had your share of the losers for awhile. Best to you... No fills today...cancelled T & DOW
CI is history...it was history but i mistakenly had it slip back in when i reworked my spreadsheets....ooppsss.... WY...jury still out...missed a news event...paid the price... and yeah it does suck huge!!!!!
Hi, I have been following this thread for awhile and the other ones before it. I just recently acquired the skill needed to write my own api to send out all the orders. It seems to work fine and all but everyday I get filled on a lot of stocks. Right now I am only doing the first 60 top volume stocks and everyday I have anywhere from 10-15 positions. Hard to manage. On tuesday I lost alot of money because oil companies took me for a ride, like cop, dvn, rig so I learned to take those out. The question is how come you guys only get 1-4 positions. My envelope is 0.7/0.7 that sounds in line with what chingy (sp) uses. What I am doing wrong? Seems like Don Bright only gets filled 1-2 positions max with 200 orders out. If i had 200 orders I would probably get 50 positions if not more. Thanks for any advice.
First: Are you also adjusting for fair value ?? Look thru the previous threads using the "search" function & someone had explained the EXACT calculation & I think even had examples in there. (There are probably 4 or 5 threads named "Don's openings" or something like that which you can look at.) The fair value amount affects the envelope & some people also use different envelopes for buys & sells....I do this most of the time, especially if the gap is very large. But today for example, we opened practically flat so I used the same envelope for both sides...I think I used .45 & got no fills. Next: Thru trial & error you will find which stocks "work" & which don't for this strategy. Personally I don't do the oils as they are too volatile for me. So you also have to find the stocks that you will be comfortable with when you get a fill. I know if I am too nervous when I get a fill on a certain stock I usually just take it off my list. For example JPM...I go back & forth with that on/off my list. Right now it is back on & working OK. Good luck
My fair value is just the closing price of s&p 500 and the percentage change from the indicative opening price. Then i get the adjusted stock price which i envelop.
4 fills / 10000 shares 2 long / 2 short / +930.00 - 56 / + .94% versus last night's closing price ...adjustment from my base of -.75 / +.75% ...due to slight premium in s&p futures this morning i guess why you get so many fills is your stock selection... tgif...da bears...