Buying the open can be a tough business

Innervoice

Innervoice

Buying opens / gap ups at the open is tough.
Always best to wait for a nice pattern to arise first.
A gap up and then a nice retracement is good as long as you see a strong upward bias.
Lately I have been doing well by waiting a few hours for set ups. Sure I missed some but it’s much safer and you do less churning.
Example, TDOC at 25.33 with a stop is a low risk trade. Is it a guarantee? Of course not but it’s low risk with a stop loss and any loss would be small.
 
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It's been in a downtrend since early August.
It might be low risk depending on present volatility
and where you plan to place your stop.
 
It could hit 26 by the close.
More...

Maybe
This is one of the only stocks I made money with shorts.
Been at the bottom ever since. In it's heyday it was running
$250 to $270 daily.
 
I know someone who said they never trade the initial 30 minutes. For me, it depends on the set-up or where the market opens. Often, there's a lot of orders coming in on the Open which ain't necessarily going to give you direction.

If you waited 30 minutes today it would have probably done you a world of good. I'm sure many were chopped up before the market marked out a direction.
 
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