You'll see some of hte biggest price swings of the day after the opening bell. The opening range refers to the first 30 minutes of trading.
1. Fixed Risk, Fixed Target 2. Fixed Risk, Trailing Risk 3. Fixed Risk, No Target
This form of trade management is simple. You can use a One Cancels the Other Order (OCO) after trade opens. If the price triggers one leg of the order, the other leg gets cancelled.
It immediately protects your trade and reduces risk. But it also reduces your chances of reaching your target directly.
This is a game-changer. It's the most effective way to trade when price movement is severe. The smaller the ORB, the greater than potential risk-reward multiplier.