From the Desk of S&P Trader, Larry Levin
How the Open can make or break your day
This technique discloses what I use to successfully trade the open. As we all know, starting off with a winning trade at the beginning of the day gives you a confidence level that can help propel you to a very successful trading day. It all starts with the first trade of the day, and this method will show you how I get on the right side of the market minutes after the open!
The Open is actually one of the best times of day to trade if you know my "Secret". Markets open in one of three ways:
Balanced
If the market opens in balance many traders will stand aside looking for opportunities a little later in the trading session. This is the type of open many successful traders tend to stay away from. This sort of open causes nothing but trouble for the average trader who tends to chase trends that may never materialize. The Secrets of an Electronic Futures Trader course teaches you how to identify this type of open immediately. This information has saved me many thousands of dollars or more in unnecessary losses.
Out of Balance to the Upside
If the market opens out of balance to the upside, traders will look for a way to buy the market as soon as possible. This is the sort of day where real money can be made. The Secrets of an Electronic Futures Trader course teaches you how to identify this type of day within minutes of the open, as well as giving you a precise method for entering and exiting.
Out of Balance to the Downside
If the market opens out of balance to the downside floor traders will look for a way to sell the market as soon as possible. The Secrets of an Electronic Futures Trader course will also give you the precise entry and stop points. Within 2 minutes of the open you will now be able to trade with the same "edge" I've been using for years!
The first part of the trading manual covers all of the details of this exciting strategy including exact entry techniques, stop placement and trade management.
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