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Strategies & Market Trends : Buy and Sell Signals, and Other Market Perspectives -- Ignore unavailable to you. Want to Upgrade?

To: penthouse mike who wrote (44756)	1/28/2013 11:37:59 AM
From: expiredoptions	1 Recommendation Read Replies (1) \| Respond to of 221975

RE Mike: My trading program generates its signals in the evening, after the markets have closed. That is when I record that day's trade data and input it into the trading program. The reason why I post the system trade entries after the opening bell the next day is simple: Its really important to see the opening prices on the trade options, because 1: Some trades BNXO (buy the opening price up to the option's closing, whichever is the lower of the two). On these trade I have to record it and adjust trade parameters (Buy Limit, Sell Limit, Stop, Buy No. 2..etc) to that price. 2: Even on trade system entries that the program generates well below the closing price of the option, many times a large "gap down" opening on the option is well below the program entry prices, so I again need to record it and adjust trade parameters (Buy Limit, Sell Limit, Stop, Buy No. 2..etc) to that price. I will continue to post these daily as soon after the opening bell as I can. Jeff