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CJL

Member

Posts: 7

Joined: 9/2/2005

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Subject : RE: A Confidence Boost
Posted : 12/3/2018 1:22 PM
Post #45755 - In reply to #45736

I might be wrong but I think we going too deep on entries MOO. Specialists do not control the opening as much as they used to.There are many market makers along with larger volumes before the open and hence less price discrepancy.The other thing is, who is to say you will get a bad execution? They cant rip everyone off, one side of the market will get the better deal. Also with a RTM strategy (as someone said earlier) you are entering while catching a falling knife. If anything, when everyone one else is selling and you are one of the only ones buying thats more incentive for a MM to open something even lower which benefits the RTM trader.
If you created and tested a system using MOO then that's whats what you should use and not second guess it. Trying to squeeze a little bit more might not be worth it if you are taking trades you never wanted nor can you test the implications of doing so.You are then not following your system.
If the fear is too many OT people are doing the same thing im sure nirvana can come up with something to allow people to have their market orders sent a certain amount of seconds or minutes after the open which shouldn't be difficult. IB also has some decent algos to enter orders with that can greatly help.
Joe
Deleting message 45755 : RE: A Confidence Boost


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