Hi Kate,

This question was one of my very first questions to Nick some years ago, before doing the Mentor program!

I too place my WTT LIMIT orders before open, and have seen prices gap up through the order at open. I don’t chase it. These days, I leave my order as is for the week to see if it fills later at my price, but otherwise look for the next signal.

I think Glen P has mentioned that he does his best to get in on the open, what ever it is.

Its hard watching those rockets whiz by sometimes.

Yeah….My process is to grab the OPEN price for WTT entries. That’s the way it’s tested and the way I’ve gone about it for years etc…. I try not to overthink it too much, as I know if I get ‘fancy’ and ‘outsmart’ the entry etc, it generally results in sub-optimal fills.

But for you Kate, with that stock that pumped 50% on the day…… that sounds a bit of an extreme move, even for me to grab. If the pre-open was i.e. 10%-20%, I’d still try to get the open….. beyond that… as an option then maybe you could consider partial positions…. e.g. grab 1/4 of the position on open, a 1/4 of the position on close and / or smaller chunks during the day, depending on liquidity etc.

re: NEWS on company….. If Google Search doesn’t produce something meaningful…. IBKR does have a company specific news feed you can cross check.

Click NEW WINDOW > NEWS > NEWSWIRE > COMPANY SPECIFIC NEWS and then in the window that appears, type in the TICKER code of the stock and scroll thru the List of news items and select the one you want to read (BHP used in the screen shot below).