Don't Trade Before 10AM

Get the Daily Video! goo.gl/n1jmDH
www.smbtraining.com is a Proprietary Trading firm located in NYC that specializes in trading equities. Our training programs were designed to help you develop the trading skills to become a consistently profitable trader. Written, video and classroom lectures are offered through SMB U, our education company. SMB offers training and trading products for new and semi-experienced traders.
Learn more about SMB by checking us out at www.smbtraining.com.
SMB Blog www.smbtraining.com/blog
Facebook / smbcap
Twitter: / smbcapital

[@8KFlow]

This methodology is still valid today and is especially true for futures or options which are the same.

[@Brian-yw7yd]

Makes sense why the open is more costly than the days-range price.

[@garrettbaker2320]

Truer words were never spoken vis a vis the 10am rule.

[@carmennavar6961]

Great common sense teaching thanks especially for FOMO

[@kirkblackshear]

this is great advice for equities and options trading. Thank you very much!

[@AZA-kb8qx]

Thank you like always great advice!!!

[@derekalv911]

This channel is the best I've found on the actual mechanics of trading. Bravo.

[@traderjoe141]

Try Trader TV Live on TH-cam 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..

[@PanicAttackRecovery]

Thank you

[@gokhanpakalin]

10:40 am after that time follow the stock most volatile ,while passing up vwap enter ,must be after 10:40 a.m !!!

[@benvol6829]

beautiful. ty

[@watchbatteryandadjustment8665]

Thanks

[@jayp.3898]

first thing in the morning sometimes I can get a great price or a great scalp or just both.

[@kom3479]

100% agree with this in options trading

[@BillionaireDubaii]

Can I enter at 9:55am with 10 min chart?

[@bibarishs3120]

thanks

[@krogersoffical2693]

Absolutely correct

[@trauma9291]

Disagree , dont ever trade after 10 am

[@luisf7105]

Yet, they're folks like Nomi Prins who say "you shouldn't be trading after 10:30".

[@MannyIsaac11]

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

[@sw6118]

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.

[@derekfcc]

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

[@BillionaireDubaii]

5 minutes early is always on time 🫠

[@chrismoneystl]

Is this 10am EST?

[@gracelikerain5039]

I noticed this

[@Sir_Pumpington_Of_Dumpenshire]

I learned this lesson the hard way, lol.

[@theoneaboveall6768]

That didn’t age well 🤣😂 for the past year you had to trade at 4am 🤣😂😂 the fuck his he saying. This was for 2016 not 2020-21

[@BillionaireDubaii]

Me too

[@johnnybegood92]

I love ❤️ panics moves; that’s where are I make my big wins quickly on people panicking 😘

[@grantgre]

Found that out in first 6 months trading.

[@BillionaireDubaii]

Your blessed

[@gendoruwo6322]

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)

[@coldbrewfinance]

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

[@ahmedbob423]

Wasn't it wait 30mins after the market opens? Or does it vary depending on the market you're trading in?

[@coldbrewfinance]

usually 30 mins works

[@seanbaker2577]

Respectfully disagree. Some of my biggest wins were directly at market open

[@mccarthurmcchickey10]

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]

Options?

[@AlpharooTrading]

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?

[@Drezil]

"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 ;)

[@BillionaireDubaii]

Usually the time direction is confirmed but 9:55-10am would be more of a sniper entry

[@physicist1485]

IT DOES NOT MATTER THE MARKET ITS KNOWING HOW TO TRADE

[@physicist1485]

your a director of bullshit incorporated

[@BillionaireDubaii]

You can’t handle the truth 😂