Gaps and how to get in on the opening print

[pips4breakfast]

I'm an amateur and wondering how to participate on the opening print if you are looking for a gap. If I was expecting a gap down and I wanted in on the opening print how would I send my pre-market order in to get it???

 

[Arnie]

http://www.elitetrader.com/vb/showthread.php?s=&threadid=3334&highlight=opening

 

[Brandonf]

Quote from pips4breakfast:

I'm an amateur and wondering how to participate on the opening print if you are looking for a gap. If I was expecting a gap down and I wanted in on the opening print how would I send my pre-market order in to get it???

If your trading on the NYSE send in a market order to the specialist.

 

[Lucrum]

Quote from Brandonf:

If your trading on the NYSE send in a market order to the specialist.

Then bend over and grab your ankles.

 

[Brandonf]

Quote from Lucrum:

Then bend over and grab your ankles.

He wanted to know how to be 100% sure of getting in on the opening print, if you know of another way feel free to let us know.

 

[bespoke]

Quote from Brandonf:

He wanted to know how to be 100% sure of getting in on the opening print, if you know of another way feel free to let us know.

OPG buy at 99999 and OPG sell at 0?

 

[Lucrum]

Quote from Brandonf:

He wanted to know how to be 100% sure of getting in on the opening print, if you know of another way feel free to let us know.

I wasn't making fun of your comment, only the use of a market order. Particularly at the open. You are correct I just wouldn't do it myself.

 

[NY_HOOD]

its risky because you don't want to be caught in a gap fade at the open. that will wipe you out. go in pre-mkt and get in with an ecn.

 

[bighog]

Better yet (mind you i do futures, not stocks). Stick to the plan you develope for trading the opening range breakout and FUDGEDDABOUT da gaps period.

When you trade the opening range breakout you care less about gaps, overnight news etc. I mean a trader is a trader and price is what matters and nothing else. Forget about reasons, reasons do not matter.

Pure daytraders care less about gaps because when flat overnight each day is a new beginning.

 

[NY_HOOD]

not true. you buy a gap up and are'nt careful,you will be faded a few points in a matter of seconds.i've seen strong earnings guidence and they gap up a stock 5 points and then sell immediately. it is fast and furious.