HERE is how to make money consistently trading the open

[Quantfisher]

One of the most overlooked methods to making money consistently is the opening trade. At the open:

1. Volatility creates opportunity in the form of price movement
2. A daily high or low is generally created within the first half hour near the open price

So, all a trader has to do is catch 75% of the ADR. The most important part is where you place your stop loss. For the answer, simply look up the definition of low-risk. Statistically speaking, I guarantee you will make money.

QS

 

[Ryan81]

Statistically speaking, I guarantee you will make money.

Wow, a guarantee! Can't pass this up!
lol

 

[Buy1Sell2]

One of the most overlooked methods to making money consistently is the opening trade. At the open:

1. Volatility creates opportunity in the form of price movement
2. A daily high or low is generally created within the first half hour near the open price

So, all a trader has to do is catch 75% of the ADR. The most important part is where you place your stop loss. For the answer, simply look up the definition of low-risk. Statistically speaking, I guarantee you will make money.

QS

VAGUE

 

[Mtrader]

Wow, a guarantee! Can't pass this up!
lol

On ET new gurus are born on a daily basis.
ET stands for elite you know.

 

[Quantfisher]

At the open place your stop loss where it is low-risk. I'll even provide the definition.

low-risk: not likely to result in failure

 

[Buy1Sell2]

At the open place your stop loss where it is low-risk. I'll even provide the definition.

low-risk: not likely to result in failure

EXTREMELY VAGUE

 

[Quantfisher]

Also, I should point out to the actual retail traders on this site, do not listen to the naysayers. They are here to keep you in a constant state of befuddlement. Large letters don't make their posts any more factual.

 

[El OchoCinco]

Wow...trading the opening range. This sounds like something new and never discussed...

 

[heavenskrow]

trading the open at least in my experience has been one of the harder things to do, especially consistently.

Just yesterday I was bullish out of the gate, but if you look at the tape, it really came inches shy of making new lows before popping higher(albeit YM did make a new low)

 

[Quantfisher]

If your profit target is 75% of the ADR as I suggested, it would make sense to attempt a maximum of 3 trades per day based on the low-risk stop loss. Statistically speaking of course. Either long, short, long or short, long, short.

For a $100,000 account, if you risked .5% per trade, your worse possible day would be -$1500 while netting anywhere from $500 to $1500 on an average day. Again, statistically speaking.