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Simple Day Trading Trend Strategy for Stocks, First Hour After Market Open

Cory Mitchell Trading
4.26K subscribers
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394 views 4 weeks ago
I call this a TC or trend continuation pattern. Use it in high-momentum situations in stocks, preferably within the first hour of the trading day. It tends not to work as well later in the day because there is less momentum and follow-through on price moves. Typically, a 1-minute chart is used, but a 2-minute, 3-minute, or even 5-minute chart could potentially be used. There will be fewer trades on higher time frames. This strategy utilizes a profit target and or aggressive trailing stop loss. I like to use both at the same time quite often. Here is the article this strategy is based on. The article covers additional topics such as daily risk management position size, and another entry technique: https://tradethatswing.com/how-to-day... This strategy is meant for high momentum. Therefore, focus on stocks that tend to have momentum intraday. The Best Day Trading Stocks List is one place to look: https://tradethatswing.com/best-stock... Stoc …...more
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Simple Day Trading Trend Strategy for Stocks, First Hour After Market Open
24Likes
394Views
Apr 162025
I call this a TC or trend continuation pattern. Use it in high-momentum situations in stocks, preferably within the first hour of the trading day. It tends not to work as well later in the day because there is less momentum and follow-through on price moves. Typically, a 1-minute chart is used, but a 2-minute, 3-minute, or even 5-minute chart could potentially be used. There will be fewer trades on higher time frames. This strategy utilizes a profit target and or aggressive trailing stop loss. I like to use both at the same time quite often. Here is the article this strategy is based on. The article covers additional topics such as daily risk management position size, and another entry technique: https://tradethatswing.com/how-to-day... This strategy is meant for high momentum. Therefore, focus on stocks that tend to have momentum intraday. The Best Day Trading Stocks List is one place to look: https://tradethatswing.com/best-stock... Stocks with recent earnings or high momentum on the daily chart may also be trade candidates for strong intraday trends. Cory Mitchell, CMT https://tradethatswing.com/ - Loads of resources on trading stocks, forex, ETFs, day trading, swing trading, and investing Instagram:   / corymitc   Twitter:   / corymitc   Facebook:   / tradethatswing   Threads: https://www.threads.net/@corymitc Disclaimer: Trading involves a substantial risk of loss. It is possible to lose more than deposited if using leverage. There are no guarantees of success. Trading is a difficult task to make consistent money at; only a small percentage of people who attempt it can make income from it.

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Cory Mitchell Trading

4.26K subscribers