I trade gaps, but use stops. I use the LBR framework (if the ES opens 4 points or more away from yesterdays close then I enter, objective is 4 points from the open). Sometimes I scale in, sometimes I get in at the open. I use a 3 point stop. Sometimes I get stopped out and then I re-enter at a 1.5 stop - more careful this time.
Over the long haul this trade is one of my better ones .....
Over the long haul this trade is one of my better ones .....
