How to trade the open
HTML-код
- Опубликовано: 12 июн 2024
- Register for our free intensive trading webinar smbu.com/spencer
Get the Daily Video! www.smbtraining.com/dailyvideo
www.smbtraining.com is a Proprietary Trading firm located in NYC that specializes in trading equities. Our training programs were designed to help you develop the trading skills to become a consistently profitable trader. Written, video and classroom lectures are offered through SMB U, our education company. SMB offers training and trading products for new and semi-experienced traders.
Learn more about SMB by checking us out at www.smbtraining.com.
SMB Blog www.smbtraining.com/blog
Facebook / smbcap
Twitter: / smbcapital
Open, my favorite time. easy in and out
Money easy out of the wallet difficult in lol 😂. JK
I'm more than grateful for sharing your experience and isights with the trading community!
this was a great lesson on trading the open as it relates well with a range breakout setup I am trying to get better at. I have been including in my daily report card to work on my skill of reading the tape as you mention and I can see the value in combining this skill with pre market action and key support and resistance areas to improving on this setup. thx again for valuable content.
Thank you Steve! BIIB was fun out of the open today.
Thank you for the detailed explanation of every concept
I consider the first 30 minutes my open. I've made the most and lost the most trading during that time period. Now I use it as a time to narrow down my watch list for that day.
I'm a new trader and that was an excellent video. Thanks!
Steve and Mike are good teachers with their videos. Thanks.
Thanks for this Steve! Great stuff as always.
Very informative and easy to understand! Thank you for your dedication to learning i have learned alot from your videos and profited as well! 5 Stars All the way!
thank you!
Great video.
Shorting the cruise liner companies in the first 5 minutes during covid 19 has been some of the easiest money I've ever made.
Great help , good to refresh
Best video so far.
This lesson was really helpful, thank you!
Yes ride the volatility wave!
This video was huge. Thank You, Steve.
Very interesting - I decided myself never to trade before about 10:15 - so interesting to hear others feel the same way and also that it IS possible to trade it if one knows what one is doing.
I totally agree with you, malithus101. I also decided not to trade before 9:45am- to 10:00 am. I like to wait and see the market's direction before getting involved. Of course, the temptation will always be there, and sometimes it is hard to resist. But I manage.
Love your videos
Thanks Allen!
Thank you Steve
thank you !
power hour! 😊
Thanks for this video. This was helpful. I was wondering if u guys have anything on reading the tape or could do a video on it. Example what to look for on the time and sales and the bid or ask.
Chippy here is a video we posted on reading the tape. ruclips.net/video/BZ4DsYcF_bM/видео.html
If u check smbtraining.com there is an entire course just on this skill--steve
Great content! I changed the playback speed to 0.75 so I could get all the information
Thanks as always, in advance ;)
Always!
Great content
thx Kevin
good stuff Steven. thanks.
You're welcome!
Thank you
Welcome!
I did it just yesterday, made money in the first 12 minutes.
sweet!
When you trade the first 15/20 minutes are you doing so based on gaps (if so what % do you target) or on something else such as news or reports?
Don’t focus on the money jussi focus on making the right entry and the right exit if you focus on a % the trade will take over your mind
I use Active Trader Pro to trade Premarket and it won't allow me to put a stop order. Anyway around it? Should I just use a mental stop and exit when that is breached?
4:44 good stuff my guy!!
How did you determine the inflection level?
Something eluded to in this video; an intra day trade developing into a swing trade. What are the signs to look out for in order to determine if that is the case? Momentum? Volume? Tape reading?
winning
I would love to hear Steven's response on this too. Here's my guess:
It's less of a sign to look for and more of an absence of one. "There are no signs of this trade going against us, we have taken so much profit, and our stop has been moved into a profit area". In that case, hold a quarter until proven otherwise.
My question is who is trading the open at the 🛎 bell? Looking at the volume I see spikes of vol and rvol.
Isn't the open where most of the volume happens?
Perhaps check the volume ?
There might be a lot of volume but still few participants and bids and offers
Where is it in relation to big moves at the close
Got it. Now time to make millions.
Great video. I have been trying to do this setup trading large caps like NFLX, AMZN etc with directional options with limited success. Found the pricing, theta and volatility a challenge. Will trying automation. What would be a better way to trade this setup with options?
i feel like if youre trying to trade stocks like that using options you should be looking to swing instead of the open, just a thought not trying to provoke or be rude.
Looking at ATM option charts, not stock price charts helps. Look for large volume and levels. The open may or may not be the place unless theres an above 70% likelihood the trade might work. I like zero day options theyre cheap and you can get 20 to 40% pretty easily. Ill try a video on this, or better yet message me here we can work on it, I want to do it on aapl on a pullback trade.
Generally selling options you can get get some of the best prices at the open by setting a limit order, but buying options for swing trading the best price is rarely within an hour of the open.
That was GBR 13.80 top premarket tanked ! 😉
when it is going fast ,what kind
of orders do you put on
we call them "sweep orders". they are customized "marketable limit orders"
@@smbcapital a market order with limits
I aways scalp trade the first open, got more wins than losses!
I trade mainly the first 30m and then I'm done for the day.
Nice work
I trade swing for15 years n now only trade at opening 10 to 15 minute..
So far I trade M5 at euro n us open take 20 to 40 pips n make usd100 to usd300 for 1 session.
cool video, btw did SPencer had a blue slushy or what. His tongue is blue lol
Anyone got some info that can stop me from worrying bout all these people discussing profitable strategies will make stock trading less lucrative for me?
The Open....Cocaine of trading styles
ahah
There’s less participation at the open? Generally the volume is highest at the open, are you saying that volume is not indicative of “participation”? If you are saying or implying this I strongly disagree despite your 20 years experience. Also automation is NOT a must. That’s contradictory to your opening statement that the open can be traded profitably.
1. there are large orders that get filled on the "opening print". these orders are placed in the pre-market and are "matched". then there is a lack of liquidity for the first few minutes. so any large sell/buy order will push stocks quickly in either direction. 2. automation is a "must" for those who want to capture multiple opportunities on the open.
Bro with the vape
I could never trade like this, this seems like bottom/top fishing and is countertrend. Retail flow after the open can last anywhere from 15-30+ minutes and is no indication of trend until big money steps in. Without seeing the book you are at major disadvantage for that time peroid unless of course you are market maker.
This is in no way trying to be a trending strategy
You can't read the open but you can fade the 200. What do you do?
Sounds like gambling to me.
Gambling wouldn't involve creating a thesis, identifying key levels then watching the price interact at those levels or reading the tape. Gambling would be flipping a coin and then entering the market accordingly.
@@bangladesh6027 actually i won't regard this as a pure gambling, but there lacks lots of details... what if the intraday levels coincide with other more important levels (day50, day200)? in this case, i don't think the entry based solely on the "inflection" thing is still effective
Then watch from the sidelines
Always look at the pre market
Thank you
Welcome!