1 short loser, -771 on 1000 shares. Totally my fault. Trying to get more out of the trade than was there, I let a 20 cent win disappear and then the sucker took off on me. Rough two days turned a decent February into a pedestrian one for this strategy...
On further inspection, it looks like I also got burned on a huge closing print down on PG. Close was 61.25, when stock was trading around 62.50 prior to yesterday's bell. Opened today at 62.60, which would not have been outside my envelope for a short fill had I adjusted for the down close. I even checked the charts for this, but totally missed it since I was filtering out all ticks except for NYSE, and eSignal seems to assume that these always stop at 4PM (PG's print was at 4:02). This has been discussed in this thread before (maybe a couple of years ago). But for the newer people trading this strategy, you should double check for late closing prints that will alter the price you will want to use as your closing price.
That bogus PG print burned lots of people today (cost me over $4,000). I used to have a good system to catch these, but don't have the right data subscription anymore, will have to work on that.
yesterday was quite the day... 7 fills on the opening for about +1700.00... 2 days ago...- 1800 on 5 fills...got caught on leh...what gs gives leh taketh away... i tried a mid day arb and could not fill all my sshort at market orders...filled the balance this am...no fill in pg as i was a short...thank god... if i only had long stock...wow.... arb was worth about 15 over and was trading about 40 under at around 2:58:00 cst
Nice day was a little scared trying opening orders today, but did it anyways, had feeling that its going to gap up. two fills + 22 + 9.