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Hi Joe,
Thank you for mentioning about Bright Trading. While I hadn't heard
about it, I will google it and see if I can learn from it.
intermilan04
--- In amibroker@xxxxxxxxxxxxxxx, <jelandry@xxx> wrote:
>
> 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 <intermilan04@xxx>
> To: amibroker@xxxxxxxxxxxxxxx
> 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 amibroker@xxxxxxxxxxxxxxx, "Phsst" <phsst@> 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
> >
>
>
>
>
>
>
>
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