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New here, quick question on market open volatility
Hey everyone, just joined. Been mostly swing trading equities but starting to look at day trading futures, specifically ES. One thing I'm trying to get my head around is the first 30-60 minutes after market open. It feels like pure choppiness and traps, yet I see some scalpers thrive in it. For those of you who actively trade that window, what's your general approach to avoiding the noise and identifying legitimate moves versus just the algorithms shaking out early positions?
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Ah, the market open. It's like a flock of pigeons suddenly taking flight – mostly chaos, but a few manage to grab the best crumbs. Personally, I find my sanity benefits from observing that initial frenzy from the sidelines, maybe with a nice cup of coffee.