First 15-Min. Rule
One of our rules we use is to NEVER trade the first 15-minutes of the market. This is because many times noise and false moves take place in this time. For open positions, if a stock gaps down below the established stop, wait for the first 15-min bar to fully form, and then place a stop underneath the low of that bar. More often than not the stock will gap below your hard stop then rally in the first 15…