Enter at 10am, add at 2pm, exit next day at open

Cont'd discussion about Electronic Day Traders' Secrets: Learn From the Best of the Best DayTraders.

Jonathan Petak Interview

At 10 o’clock NY, he starts building a position in a stock.

If at around 2pm it is profitable, he adds to the position.

If by the close the position is still profitable, he holds it overnight, but if it is not profitable, he exits the trade.

The next day, at the open, he exits his long positions as prices are moving up and exits his short positions as prices are moving down.

...back next week...

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