Picking stocks at opening bell?

[basketballfan]

I have been practicing trading stocks on a virtual trading site,,I have very little experience with the market. My stratedgy has been to research stocks with news before the opening bell, I pick one buy it, watch it rise and sell. sounds easy right?. In 2 weeks I have averaged a 14% profit. I'd like to try this for real, but what's the catch? If I can do this anyone can right? any specidifc sites that help predict stocks that are going to spike at opening bell?

[NYC_Since_the_90s]

So you wait for the news to come out, and when it is good, you buy it at yesterday's close? Not going to happen. No one will sell it to you at that price. The problem with these virtual sites, is that they sell your things at the exact time you want to sell it. In real life it is not possible. You will end up paying the price that you are selling it at on your virtual site. It is great benefit to these sites to make you think you will make money, because then you will invest with them

[Serapis80]

Even if you do use this strategy effectively, you still have to factor in commission and short-term capital gains taxes. I wish you luck but I doubt the real-life profit margin will be as large as you think.