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Way for regular guy trader to capture gap up in the morning before it's too late?


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Way for regular guy trader to capture gap up in the morning before it's too late?

  #1 (permalink)
garrulous
Portland
 
Posts: 2 since May 2020
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What is the best way to structure a trade (on TDAmeritrade) to try to capture upside of an ETF that I believe will gap up on open. My understanding is that while the ETF in question starts trading at 4am Eastern, TDAmeritrade pre-market open at 7am Eastern. Presumably, if I'm correct, much of the upside will have occurred by then leaving me (us regular guys, I guess) to pick through the crumbs. Am I right or am I missing a way to do this? Thanks for your time!

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  #2 (permalink)
GUHed
Denver
 
Posts: 1 since Nov 2019
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So you are wanting to trade the overnight/european session? If it’s an equity index ETF the easiest way is probably to trade futures. I’ve heard SPY trades round the clock on TDA, can’t confirm this though. I don’t trade equities or outside the US session. Have you tried to place a trade before 7EST? Might be worth emailing TDA and inquiring about it.

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  #3 (permalink)
 rb55 
Manchester England
 
Experience: Intermediate
Platform: NT8, Tradingview, mt4/5
Trading: RTY, ES, YM, NQ, CL, DAX, FTSE, GC, NG
Posts: 49 since Oct 2016
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Open a futures account and trade the micros


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  #4 (permalink)
garrulous
Portland
 
Posts: 2 since May 2020
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Can you tell me a bit more about why you recommend that over other option? Thanks.

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Last Updated on May 11, 2020


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