The first 1/2 hour of trading is a tricky and risky thing. To me its a losers game. Many respected traders hold to the 1/2 hour rule and some traders say just the first 10 mins. I say why mess with it? I don’t trade the first half hour due to choppy trading and lack of direction in the market. (especially in this volatile market).
How can you really know if the stock is strong enough to move in either direction?
Here are some examples:
So to sum up let the market settle down, apply your rules, and then make a sound trade decision. And if you don’t apply this knowledge then set reasonably tight stops and enjoy losing your money.
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