[00:03] morning, it was the same thing. A stock gaps up on news, the volume looks great, the bell rings, it starts to move, and I'd buy the first green candle, get faded, get stopped out, and then sit there and watch it run without me 5
[00:17] minutes later. So, here's the whole setup. The trade is the pre-market high break, not the gap, not the news, not the first green candle at the open. At 9:30, the first question is simple. Did the stock open above yesterday's high
[00:30] and above the prior close? If not, no opening drive trade. If yes, I mark the pre-market high and wait. The trigger is a 2-minute candle closing above the pre-market high on volume. Not poking above it, not wicking through it, not in
[00:46] it. Then, I check the candle. I want a full green body, no upper wick. If the candle chase it. My entry is the close of that candle. My
[01:01] stop is under the low of that candle. From there, I trim it to strength, often using ATR, and I'll trail a runner using the first 2-minute close under the 9 EMA. And if price closes back below that pre-market
[01:17] high quickly after I'm in the trade, I'll get out. I'm waiting for one level, one close, one confirmation. Trade is the pre-market high break. Everything the pre-market high break. Everything else is filters and management.