This methodology is still valid today and is especially true for futures or options which are the same.
@Brian-yw7yd2 жыл бұрын
Makes sense why the open is more costly than the days-range price.
@derekalv9114 жыл бұрын
This channel is the best I've found on the actual mechanics of trading. Bravo.
@traderjoe1413 жыл бұрын
Try Trader TV Live on KZbin for free…it’s a live real time show of a Canadian prop firm that uses proper risk management principles and they pre plan trades and go both long and short..
@carmennavar69612 жыл бұрын
Great common sense teaching thanks especially for FOMO
@garrettbaker23203 жыл бұрын
Truer words were never spoken vis a vis the 10am rule.
@grantgre4 жыл бұрын
Found that out in first 6 months trading.
@BillionaireDubaii2 жыл бұрын
Your blessed
@luisf71055 жыл бұрын
Yet, they're folks like Nomi Prins who say "you shouldn't be trading after 10:30".
@MannyIsaac113 жыл бұрын
yup, you should open your position after 945am:10am, and by 10:30 you should be out any losing positions or letting your winners run, which is technically not trading
@derekfcc3 жыл бұрын
Spreads come down as the opening volatility subsides. I’ve been trying to use options as a way of increasing returns while scalping big names and it’s been rough. Even when you’re right, the spreads can hurt so you have to adjust your timeframe of trading to a more favorable range. Too early and your hurt by the volatility, too late and your hurt by the time decay and slow progress of the move
@BillionaireDubaii2 жыл бұрын
5 minutes early is always on time 🫠
@kirkblackshear4 жыл бұрын
this is great advice for equities and options trading. Thank you very much!
@jayp.38984 жыл бұрын
first thing in the morning sometimes I can get a great price or a great scalp or just both.
@kom34793 жыл бұрын
100% agree with this in options trading
@gokhanpakalin7 ай бұрын
10:40 am after that time follow the stock most volatile ,while passing up vwap enter ,must be after 10:40 a.m !!!
@benvol68292 жыл бұрын
beautiful. ty
@heydavis41684 ай бұрын
So the inverse of that is to sell Puts the first 30 minutes of the day….
@ChiIeboy4 ай бұрын
Maybe.
@gendoruwo63227 жыл бұрын
From personal experience, I'd say there's a lot of truth to what he says. The first hour of trading is... the most interesting... (and can be quite dangerous)
@happytrader-s3n5 жыл бұрын
yeah you gotta wait for the price action to become clearer, you can get a better feel of where a stock might be going. yea you miss out on some gains but its a safer way to trade
@PanicAttackRecovery5 жыл бұрын
Thank you
@watchbatteryandadjustment86655 жыл бұрын
Thanks
@sw61183 жыл бұрын
I prefer to trade at market open when I can advantage of a mismatched price OR when I realize I gave a loser and the market doesn’t fully reflect that, otherwise it’s better to wait.
@chilatelover6 ай бұрын
Volatility on open brings price up. Maybe sell instead?
@ChiIeboy4 ай бұрын
Maybe.
@AZA-kb8qx4 жыл бұрын
Thank you like always great advice!!!
@gracelikerain50392 жыл бұрын
I noticed this
@krogersoffical26933 жыл бұрын
Absolutely correct
@BillionaireDubaii2 жыл бұрын
Can I enter at 9:55am with 10 min chart?
@seanbaker25773 жыл бұрын
Respectfully disagree. Some of my biggest wins were directly at market open
@mccarthurmcchickey103 жыл бұрын
Fundamentally, he's sharing a personal example of 'edge'.... his edge is trading after 10am. It sounds like your edge is trading before 10am-- which is cool! Its fascinating how each trader can have their own unique yet PROFITABLE approach to the same Market processes
@terrancemcclendon456 Жыл бұрын
Options?
@AlpharooTrading9 ай бұрын
It makes a big difference when trading options due to volatility. Also, I understand your biggest gains have been at open but has it been consistent enough for the account to grow; curios?
@ahmedbob4238 жыл бұрын
Wasn't it wait 30mins after the market opens? Or does it vary depending on the market you're trading in?
@happytrader-s3n5 жыл бұрын
usually 30 mins works
@Drezil3 жыл бұрын
"Don't trade before 10AM" - How can i? NYSE opens at 15:30 my time ;) Nah .. i like the early-morning dips.. i usually sell my puts around 9:40 ;)
@BillionaireDubaii2 жыл бұрын
Usually the time direction is confirmed but 9:55-10am would be more of a sniper entry
@chrismoneystl Жыл бұрын
Is this 10am EST?
@Marcus-dw5ly2 ай бұрын
Yes. NY Eastern time
@johnnybegood925 жыл бұрын
I love ❤️ panics moves; that’s where are I make my big wins quickly on people panicking 😘
@physicist14857 жыл бұрын
IT DOES NOT MATTER THE MARKET ITS KNOWING HOW TO TRADE
@TheAudittt Жыл бұрын
Disagree , dont ever trade after 10 am
@physicist14857 жыл бұрын
your a director of bullshit incorporated
@BillionaireDubaii2 жыл бұрын
You can’t handle the truth 😂
@UNCLELEE785 ай бұрын
Said the Loser Trader... Fk outta here with your bullshit little flea....