Darn it,I had chance to use Yuki's metaphor and I flubbed it. I should have written hanging out at the " Great watering hole of planet Earth."
Joe ----- Original Message ----- From: <[EMAIL PROTECTED]> To: <[email protected]> Sent: Friday, August 18, 2006 10:05 AM Subject: Re: [amibroker] Re: Buying at open -- In Real Life > Just heard a web conference by Don Bright last night and as I > (superficially) understand it, > the premise of one of his key strategies is to buy at the open. His > traders help the specialists > out so to speak. The orders are entered under a condition that they are > either filled at the open or cancelled. > Sounds like you've got some protection while your hanging out at "the > water hole called earth". (love it ^ _ ^) > I mention this as you might be interested in what Bright Trading is doing. > Best regards > Joe > > > > > > ----- Original Message ---- > From: intermilan04 <[EMAIL PROTECTED]> > To: [email protected] > Sent: Friday, August 18, 2006 9:51:35 AM > Subject: [amibroker] Re: Buying at open -- In Real Life > > > 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 > > > > > > 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 > > > > > > > > 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/
