I have a few ideas: - Enter premarket based on a thesis and hold into the open - Use a stop limit order to enter the trade if the price spikes in the direction you expect off the open - Follow the move X seconds after open Does anyone have edge in this trade, and what's a good approach? I had a short bias on ACB today but it drove so quickly in 1 minute to the downside that I missed it.
Most people in my trading group have a variation of this but we typically don't buy pre market and don't use stop limits... You need to use smart market orders. It can take 3-5min or so to pick a stock for entries but you have the right idea.
How about the move ... after the move. It went lower than opening slide LH after LH till it bottomed?
Yes that is part of the process of course. It's a personal preference if one is in a trade prior to confirmation. When he mentioned stop limit order I'm not sure if he meant market order (if so use smart route) because stop limits may not get filled.
This is crazy hard! I suffer from intense analysis paralysis! I've picked 2 winners out of 4 trades. It's kind of discouraging. I'm using smart stops, but all that means is I won't die suddenly but rather of a thousand tiny cuts. Comforting. Does this fall victim to stop-hunting?