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My Go-To Day Trading Setup (That Actually Works)

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Monday, July 21st

“Anyone can achieve their fullest potential, who we are might be predetermined, but the path we follow is always of our own choosing. We should never allow our fears or the expectations of others to set the frontiers of our destiny. Your destiny can’t be changed but it can be challenged. Every man is born as many men and dies as a single one.”

– Martin Heidegger

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Markets Today

🌏 Asia-Pacific: Mixed

🇪🇺 Europe: Down

🇺🇸 United States: Up

🛢️ Oil: Down

⚡Crypto: Up

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When this indicator flashes…
Your next trade has a shot a 87% historical win rate!

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Major Market Events 

  • DJT stock surges 19% after $2B Bitcoin buy — Trump Media jumps as crypto-linked investments boost meme-like momentum
  • EU steps up trade retaliation threats — Europe prepares broader response to U.S. tariff demands, raising stakes for global trade
  • Stocks rise ahead of earnings deluge — Alphabet, Tesla, and other tech giants set to kick off a critical reporting week

🤔 My Thoughts

Let’s cut the noise—most day trading “advice” is either too complicated or designed to tune out the regular folks.

But on Friday’s Profit Panel, I shared the dead-simple strategy I still count on to this day: the Opening Range Breakout (“ORB”).

The Opening Range Breakout—Step-By-Step

If you missed it, here’s what I actually do every morning… no wild indicators, no black-box code:

  • Mark the high and low for the first 30 minutes after the market opens.
    “You take the first 30 min of the markets… and you build a box around it, right, of the highs and the lows for that period.”
  • Set up a “box” using these two price levels on your chart.
  • When price breaks out above or below “the box,” make your move:
    • If price breaks upward: Buy a call (or go long on futures).
    • If price breaks downward: Buy a put (or go short on futures).
    • Prefer at-the-money options for quiet execution.

Why This Works (and why I stick to it)

You don’t need complicated setups. This works on SPY, QQQ, ES, or a dozen other liquid names.
Keep it simple:

  • Only trade when you get a clear break out of the opening range (first 30 minutes).
  • Confirmation beats guessing. Wait for that extra signal—like a moving average or volume confirmation, if you want to stay disciplined.

The best part? Once I take the trade, I’m often one-and-done for the day. No need to grind every tiny move. Just let the setup come to you.

In fact, I’ve found that the less trades you make on the day, the better… just because you’re going to start chasing tinier and tinier profits.

How You Can Use It

  • Open your charting app.
  • After markets open, mark the first half-hour’s high and low.
  • Only act if price breaks above or below — otherwise, stay flat and go live your actual life.

You can adjust this for your platform, your risk tolerance, and your favorite tickers.

If you want more detail, click below to join the live room right now and ask me your questions in the chat.

Let’s trade smarter, not harder.

Register your spot here to join us next time we go live!

To Better Trading,

Alex Reid

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