Comments on: Trading the Odds on Friday – May 22, 2009 http://www.tradingtheodds.com/2009/05/trading-the-odds-on-friday-%e2%80%93-may-22-2009/ A quantitative approach to profit in the US equity and futures markets, trading the markets like professional card counters are playing Blackjack or expert poker players are playing Poker. The key is to have the odds on your side and bet accordingly, knowing what, when, where, why and how much to bet on each trade or wager. Mon, 06 Feb 2012 13:40:20 +0000 hourly 1 http://wordpress.org/?v=3.3.1 By: Frank http://www.tradingtheodds.com/2009/05/trading-the-odds-on-friday-%e2%80%93-may-22-2009/#comment-3860 Frank Fri, 22 May 2009 04:20:17 +0000 http://tradingtheodds.wordpress.com/?p=1293#comment-3860 be the ball, thanks. In fact a 'buying the open' approach would have had a drawdown of -1.33% (not -2.5%), because the SPY already opened lower -1.16% on the session (-2.5% was the intraday low compared to Wednesday's close). Best, Frank be the ball,

thanks.

In fact a ‘buying the open’ approach would have had a drawdown of -1.33% (not -2.5%), because the SPY already opened lower -1.16% on the session (-2.5% was the intraday low compared to Wednesday’s close).

Best,
Frank

]]> By: be the ball http://www.tradingtheodds.com/2009/05/trading-the-odds-on-friday-%e2%80%93-may-22-2009/#comment-3861 be the ball Fri, 22 May 2009 00:02:39 +0000 http://tradingtheodds.wordpress.com/?p=1293#comment-3861 Absolutely love your blog and factor your stats into my trading most days. "so a potential ‘buy the open’ approach would have ended with a loss of -0.28% (only) for the SPY." Not sure who would have let the position go 2.5% against them intraday to close with that small loss, but regardless, you are correct... I "ignored" Thursdays conclusions in my decision making today because I noticed that your first conclusion has no occurrences during this bear market. I found that noteworthy. I apologize for not posting this thought last night when it could have helped.... Absolutely love your blog and factor your stats into my trading most days.

“so a potential ‘buy the open’ approach would have ended with a loss of -0.28% (only) for the SPY.” Not sure who would have let the position go 2.5% against them intraday to close with that small loss, but regardless, you are correct…

I “ignored” Thursdays conclusions in my decision making today because I noticed that your first conclusion has no occurrences during this bear market. I found that noteworthy. I apologize for not posting this thought last night when it could have helped….

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