i rarely ever buy the open.i prefer for the market to settle then look for pullbacks to enter if its an up day.if its a down day i look for oversold stocks from the previous day that are once again getting wacked.also look for any panic sold stocks and sit in the depth at a price im happy with.if i get hit all good ,if not them move on.i take small profit,i do not believe in hope and i focus on averages and concistancy rather than trying to hit the jackpot stock.thats because i do this full time.at the end of the week i have to be in profit,not even and not in a loss.i never chase regardless of what the market is doing.im not interested in defensives because im a trader not an investor.i also trade the eud,aud,gold,silver and the major indices.(silver imo should be watched in this area).i very very rarely leverage on stocks.i only play the short side on currencies,indices,etc
