|
PureBytes Links
Trading Reference Links
|
Hi,
I have that statement placed in my system. I download quotes at
night, scan for signals and make trades next morning.
What's been bothering me is, my system which has worked marvelously
the past 10-20 years is just not working nearly as good this year.
My strategy is buying on a dip, i.e. pick up stocks that got shot down
recently. However, I've noticed that nowadays, stocks that got shot
down fall even further because
1. More shorts jump on, and shorts don't cover fast
2. Longs dump shares, some willingly some unwillingly due to margin calls.
Stock prices usually bounce back after a while, but I don't know, I
guess my timing of entry has been off lately because of this new trend
I just described. Hope it will change soon.
intermilan04
--- In amibroker@xxxxxxxxxxxxxxx, "jacklweinberg" <weinberg@xxx> wrote:
>
> You might want to ensure a delay (i.e. rade at tomorrow's open) with
> the following statement:
> SetTradeDelays( 1, 1, 1, 1 );
>
>
> --- In amibroker@xxxxxxxxxxxxxxx, "Paul Ho" <paultsho@> wrote:
> >
> > Are you sure you haven't "look into the future" with one of your
> statements
> > e.g. buy on open with the price of low being known
> >
> > _____
> >
> > From: amibroker@xxxxxxxxxxxxxxx [mailto:amibroker@xxxxxxxxxxxxxxx]
> On Behalf
> > Of intermilan04
> > Sent: Tuesday, 15 August 2006 4:31 PM
> > To: amibroker@xxxxxxxxxxxxxxx
> > Subject: [amibroker] Buying at open -- In Real Life
> >
> >
> >
> > Hi all,
> >
> > I'm just curious if anyone here are buying and selling securities at
> > the open with market orders, i.e. orders are placed BEFORE MARKET
> OPEN
> > and they get executed as soon as the market opens.
> >
> > I have noticed that buying at the open might help you get cheap
> > shares, but the reverse is also true...you might sell your shares at
> > really bad bids.
> >
> > The reason why I'm bringing it up is, my system on Amibroker is
> > designed to trade at the open. And strangely enough, my system isn't
> > doing too well ever since I started using it...perhaps it's because
> > I'm getting bad bids and asks by placing market orders overnight?
> >
> > I'm not quite sure how the first trade occurs, in theory I sell to
> the
> > highest bidder but with low liquidity of pre-market trading, what if
> > the highest bid is absurdly low?
> >
> > Any thoughts on this is greatly appreciated.
> >
> > Regards,
> >
> > intermilan04
> >
>
|