And if you got lucky and made most of you money in the first 30 minutes of trading – you are doing the exact opposite of what has been taught – that is not repeatable. If you continue to try and trade the first 30 minutes of the day it will eventually wind up blowing up your account. It is trading 101 and something that gets hammered into everyone’s heads – do not trade the first 30 minutes. Even profitable traders avoid it – Dave or I make a rare exception at times to trade the opening – but in general we don’t – and whether it is a gap and go, gap and flat, or just plan chop – it doesn’t matter – you shouldn’t trade it.
November 30, 20221 min read