I've been placing market orders overnight, therefore I've been entering at the "open." So far, I haven't been screwed with the opening price that I've gotten (I made like 10 trades...some gapped up because the entire market gapped up several times). This week has been a great market, so I'm up 5% this week.
Regards, intermilan04 --- In [email protected], "Phsst" <[EMAIL PROTECTED]> wrote: > > > > The simple answer is ... DON'T ... It's like trading with a blind > fold on ... Blind folds are only good if you are at the wrong end of a > firing squad or the object of humor in pin the tail on the donkey .. > Both of which seem to be quite appropriate analogies for this methodology. > > Hi Fred, > > The best *trading* month I ever had was Feb 2000, where I traded an > Ameritrade account which restricting trade times to actual market > hours (no pre or post mkt hr trading). (I filtered my trades to a > fraction of avg daily dollar volume... and it was an AB trading system > I had developed) > > As you will recall, this was during the 'last gasp' of the dot.com > tulip craze. > > I had an EOD trading system that created next day entry signals to buy > @ open. While I had reservations about entering Mkt Orders prior to > next days open, I decided to risk a few bucks and actually trade the > system with mkt orders entered the previous night. > > For the next few weeks, I experienced excellent order executions which > the majority of times beat 'printed' Open prices. > > When the 'bubble' burst, I stopped trading the system and have since > moved my accounts to IB. > > Now, I have no idea how IB might perform in a similar trading system, > but I don't think there is a way to restrict pre - post mkt executions > @ IB. > > My point is that it is never safe to make assumptions about how any > broker will perform on these type of orders, and that it might > actually be prudent to take a little risk and find out 'what shakes'. > > It's only money, right? And there is only one way to find out the truth. > > Best Rgds... D > Please note that this group is for discussion between users only. To get support from AmiBroker please send an e-mail directly to SUPPORT {at} amibroker.com For other support material please check also: http://www.amibroker.com/support.html Yahoo! Groups Links <*> To visit your group on the web, go to: http://groups.yahoo.com/group/amibroker/ <*> To unsubscribe from this group, send an email to: [EMAIL PROTECTED] <*> Your use of Yahoo! Groups is subject to: http://docs.yahoo.com/info/terms/
