Sep 23, 2008

No trades

I was eyeing DRYS for a place to enter but nothing compelled me. APD was another but couldn't find a comfortable spot. Saving my capital.

6 comments:

Tyler said...

00NR7,

I had APD on my WL today as well. What a consolidation! I missed it, too.

Good luck tomorrow.

Tyler

Anonymous said...

OO
how can you miss PTEN

bl said...

NR7 10%(30) of my commodity screen(334) >-4 pts. POT ENER MOS DXPE...
What a riot!

Anonymous said...

no trades. sold some MFN that i grabbed yesterday...

QQQBall

TraderAm said...

Hello oonr7

Forgot to answer your question yesterday on IB time orders.

Essentially it's a normal order (e.g LMT, STP, MKT whatever) but you set a "good after time" on it. So it will only become active after that time. So for e.g, on a short trade entry at $25.30. I might have taken partial at $25.00 then rest of my position is either at breakeven $25.30 or my next profit level $24.30. But for rest of day it doesn't hit either of these. So you could have a linked market order to buy at MKT say 10mins before close @ 20:50:00 (Uk time).

Sounds fairly straightfoward ? However I did try it once and for some reason it didn't execute. I was watching anyway, so closed manually. But that put me off as the danger is that you are left open overnight. The theory is fine, and probably I just didn't have it set up right. But let me know if you give it a try and it works...or if any other readers have tried it.

Thanks.

OONR7 said...

traderam: got me all psyched about the timed orders then - bam - you tell me it's never worked for you. LOL. Hopefully a reader will know... sounds like a great option.