{"id":13772,"date":"2011-08-10T14:47:35","date_gmt":"2011-08-10T18:47:35","guid":{"rendered":"http:\/\/www.smbtraining.com\/blog\/?p=13772"},"modified":"2023-03-31T15:31:15","modified_gmt":"2023-03-31T19:31:15","slug":"traders-ask-do-you-wait-for-a-stock-to-open","status":"publish","type":"post","link":"https:\/\/www.smbtraining.com\/blog\/traders-ask-do-you-wait-for-a-stock-to-open","title":{"rendered":"Traders Ask: Do You Wait for a Stock to Open?"},"content":{"rendered":"

Hi Mike,<\/p>\n

I seem to recall you mentioning that one way to catch opening drives is by watching the first ticks of the\u00a0stock when it opens. My question is: do you trade the first ticks of a stock when the specialist is not there yet, or do you wait for him\/her to show up?<\/p>\n

 <\/p>\n

Thanks in advance, and happy trading!<\/p>\n

Bella Responds<\/strong><\/p>\n

Almost always I do wait for the stock to open. We know when a stock is open when NYSE first appears on the bid and offer. I would say that 90 percent of the time I wait for a stock to open.<\/p>\n

I might not if the stock is really In Play<\/a> and trading heavily in the premarket. I will watch to see very clear levels developed in the premarket and if the stock has liquidity and is In Play I may take a position if an important premarket level is violated. So if I am watching a stock and it is down 3 percent, normally does 2m shares a day and in the premarket it has already traded 1m, and I see a ton of volume at 30 and then the stock moves away from and below 30, I may get short using the 30 level as resistance. Certainly,yesterday with SPY was an example of when I might trade premarket.<\/p>\n

The reason we generally wait for a stock to open is it is easier then to control our risk. The more liquidity in a stock the easier it is for us to control our risk. A stock that has opened usually offers more liquidity than one that hasn’t. Some traders even sit out the first 15 minutes of trading, for the stock\/market to settle and when it is easier to control their risk, before they make a trade.<\/p>\n

You can be better tomorrow than you are today!<\/p>\n

Mike Bellafiore<\/p>\n

One Good Trade<\/em><\/a><\/p>\n

The PlayBook<\/em><\/a><\/p>\n

\"\"<\/a><\/p>\n

No relevant positions<\/p>\n","protected":false},"excerpt":{"rendered":"

Hi Mike, I seem to recall you mentioning that one way to catch opening drives is by watching the first ticks of the\u00a0stock when it opens. My question is: do you trade the first ticks of a stock when the specialist is not there yet, or do you wait for him\/her to show up?   Thanks in advance, and happy … Read More<\/a><\/p>\n","protected":false},"author":144,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[10,908],"tags":[4674,30,1828,1193,653,1354,1349],"class_list":["post-13772","post","type-post","status-publish","format-standard","hentry","category-mike-bellafiore-bellas-blogs","category-traders-ask","tag-one-good-trade","tag-prop-trading","tag-smbu","tag-trader-education","tag-trader-training","tag-trading-coach","tag-trading-mentor","no-post-thumbnail"],"yoast_head":"\nTraders Ask: Do You Wait for a Stock to Open? | SMB Training<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.smbtraining.com\/blog\/traders-ask-do-you-wait-for-a-stock-to-open\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Traders Ask: Do You Wait for a Stock to Open? | SMB Training\" \/>\n<meta property=\"og:description\" content=\"Hi Mike, I seem to recall you mentioning that one way to catch opening drives is by watching the first ticks of the\u00a0stock when it opens. 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