What's the best way to sell at the open?

[SethArb]

with selling in the premarket

but that is even more risky?

perhaps just sell if the price breaks

through the opening range say first 5 , 10 , 15 minutes of the day?

good luck

 

[catmango]

Quote from Swish:

are you trying to get out of listed or nas stocks??

why could you possibly want to exit long positions at the craziest, most erratic time of the day??

You'll most likely get bumped out of just about every position with a 5-10c trailing stop

Does IB have a exit all positions feature that you could use??

Thanks to all that've responded so far.

I'm primarily in NASDAQ stocks, though occasionally in NYSE stocks as well. I don't mind getting bumped out of my positions; my goal is purely to get out on average at the open. I figure that with a tight trail, if a stock opens and then moves quickly downward, I'll be out just slightly below the open, whereas if there's a quick runup, then a trail would help me capture some of it and help me in the long run average out pretty much at the open price.

I'm trying an exit-at-open strategy because I developed a system that successfully backtested on getting out at the open.

 

[catmango]

Quote from vhehn:



yes you are if you routed directly to the nyse and had the order prior to the open. what stock and date? we can check t&s.

But doesn't that just guarantee that you would get out at the opening bid, and not necessarily the opening price? That's can be a significant difference with illiquid stocks.