A Profitable Day Trading Strategy For The U.S. Equity Market
This paper examines the effectiveness of the 5-minute Opening Range Breakout (ORB) strategy for day trading U.S. stocks, focusing on its performance from 2016 to 2023. It highlights the advantages of trading “Stocks in Play,” which are highly active due to significant news, demonstrating how they significantly outperform regular stocks. Our comprehensive analysis, the first of its kind, details the strategy’s returns across various time frames and provides specific data on the top and bottom 25 performers.