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Strategy 15: Opening Range Break Strategy

Strategy 15: Opening Range Break Strategy

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Education Center / Day Trading / Strategy / Strategy 15: Opening Range Break Strategy

Strategy 15: Opening Range Break Strategy

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Lesson Videos

Strategy 15: Opening Range Break Strategy

level Level: Beginner

level Experienced Instructor

About This Lesson

The Opening Range Break (ORB) setup involves entering a trade when the price breaks out of the opening range, either to the long or short side, with the expectation of a higher probability move in the direction of the break. Key factors in trading the ORB setup include focusing on stocks with high volume and liquidity, avoiding extended entries, and using multiple timeframes, such as 1-minute, 2-minute, and 5-minute charts, to identify imbalances in price action that suggest buyer or seller dominance.

Downloads

  • Opening Range Break Setup
  • TradeBook: Opening Range Break Setup

Presented by

Lenny Winnemuller

Lenny, a psychology graduate from the University of Amsterdam, previously worked in the anti-fraud department of a major Dutch bank. He now has extensive day trading experience, both independently and at a proprietary trading firm, with a focus on the mental development required for success in the US stock market.

Lenny Winnemuller's Recent Webinars

Strategy 16: ABCD Continuation Strategy

Strategy 15: Opening Range Break Strategy

TradeBook: Investor Psychology & Common Mistakes – Lenny

TradeBook: The Next Decade of Wealth: How to Profit from the AI Revolution – Lenny

TradeBook: Continuation Setup – Lenny

Lenny Winnemuller Course at Trading Terminal Academy

2-Month Elite Course: Long-Term Investing & AI Market Opportunities

This intensive course will take place in interactive group form through weekly webinars, weekly assignments, 1:1 mentor sessions, weekly interactive group meetings and an interactive group chat.

Enroll Now

 

You can download a copy of the presentation in PDF format here.

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Available research data suggests that most day traders are NOT profitable.

The Profitability of Day Trading: What Research Tells Us A growing body of academic research suggests that the majority of individuals who engage in day trading do not achieve consistent profitability.

In a comprehensive 2014 study titled “Do Day Traders Rationally Learn About Their Ability?”, researchers from the University of California analyzed an extensive dataset comprising 3.7 billion trades executed on the Taiwan Stock Exchange between 1992 and 2006. Their findings revealed that only 9.81% of day trading volume could be attributed to traders who demonstrated repeatable, predictable profitability. Furthermore, these consistently profitable traders represented less than 3% of all active participants on any given trading day.

A separate study published in the Journal of Applied Finance in 2005, titled “The Profitability of Active Stock Traders”, examined 1,146 U.S.-based brokerage accounts that actively traded equities between March and June 2000. The researchers, affiliated with the University of Oxford and University College Dublin, found that only 50% of traders generated a profit during that period, with the average net gain being $16,619.

Similarly, a 2003 study published in the Financial Analysts Journal, “The Profitability of Day Traders”, reviewed 334 active trading accounts from February 1998 to October 1999. In that sample, only 35% of accounts were profitable, and a mere 14% earned profits exceeding $10,000.

These studies collectively demonstrate the substantial difficulty of achieving long-term success in day trading. While methodologies and market conditions varied, the overall trend remains clear: a significant portion of retail traders fail to generate consistent profits. At minimum, the data implies that at least half of all day traders are unlikely to be profitable, and in many cases, the percentage is considerably lower.

These findings underscore the reality that day trading is a highly speculative and risky activity. Participants should be fully aware that trading can result in significant financial losses, including the total loss of invested capital.

The content provided is intended for informational and educational purposes only. It does not constitute financial, legal, or tax advice. Any mention of a specific security or market should not be interpreted as a recommendation to buy or sell. All investments and trades carry risk, and decisions should be made with care and, where appropriate, with guidance from a licensed financial professional.

For full legal details, please refer to our complete disclaimer here.

Citations:

Barber, Brad; Lee, Yong-Ill; Liu, Yu-Jane; Odean, Terrance. (2014). Do Day Traders Rationally Learn About Their Ability? SSRN Electronic Journal. SSRN Electronic Journal

Garvey, Ryan; Murphy, Anthony. (2005). The Profitability of Active Stock Traders. Journal of Applied Finance, Vol. 15, No. 2. The Profitability of Active Stock Traders

Jordan, Douglas J.; Diltz, J. David. (2003). The Profitability of Day Traders. Financial Analysts Journal, 59(6), 85–94. The Profitability of Day Traders

Strategy 15: Opening Range Break Strategy

| Published: 01/5/24

Education Center / Day Trading / Strategy / Strategy 15: Opening Range Break Strategy

Strategy 15: Opening Range Break Strategy

Login or Sign up or Upgrade

Lesson Videos

Strategy 15: Opening Range Break Strategy

level Level: Beginner

level Experienced Instructor

About This Lesson

The Opening Range Break (ORB) setup involves entering a trade when the price breaks out of the opening range, either to the long or short side, with the expectation of a higher probability move in the direction of the break. Key factors in trading the ORB setup include focusing on stocks with high volume and liquidity, avoiding extended entries, and using multiple timeframes, such as 1-minute, 2-minute, and 5-minute charts, to identify imbalances in price action that suggest buyer or seller dominance.

Downloads

  • Opening Range Break Setup
  • TradeBook: Opening Range Break Setup

Presented by

Lenny Winnemuller

Lenny, a psychology graduate from the University of Amsterdam, previously worked in the anti-fraud department of a major Dutch bank. He now has extensive day trading experience, both independently and at a proprietary trading firm, with a focus on the mental development required for success in the US stock market.

Lenny Winnemuller's Recent Webinars

Strategy 16: ABCD Continuation Strategy

Strategy 15: Opening Range Break Strategy

TradeBook: Investor Psychology & Common Mistakes – Lenny

TradeBook: The Next Decade of Wealth: How to Profit from the AI Revolution – Lenny

TradeBook: Continuation Setup – Lenny

Lenny Winnemuller Course at Trading Terminal Academy

2-Month Elite Course: Long-Term Investing & AI Market Opportunities

This intensive course will take place in interactive group form through weekly webinars, weekly assignments, 1:1 mentor sessions, weekly interactive group meetings and an interactive group chat.

Enroll Now

 

You can download a copy of the presentation in PDF format here.

Lesson Content
0% Complete 0/1 Steps
Previous Topic
Check my progress
Next Topic
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