Equities gappers

1sHlAby.png


+$70
 
Last edited:
MSFT would have been amazing, but earlier someone was advising me to move my stops to b/e straight away, and on this occasion it turned out to bet the wrong choice!
Untitled.png


CVS was decent

untittled.png
 
glazier said:
Anyone else here intraday trade gappers out of interest?

I'm tempted to buy the course of a trader who I've been watching in a trading room who kills it with his live calls so I know he's 'legit'. Shares his screen. Posts statements. Calls trades BEFORE the fact etc.

But it'd be great if there's some successful trader on here who could maybe share some tips! I really don't want shell out thousands on a course.

In terms of method, i'm trading 1 mins charts. Scanning the market for gappers with stocks that have good volume, decent volatility and stock prices between say $10 and $50 or so, and usually looking for gap continuation plays / breakouts / patterns.
More...

%% Sounds overpriced/thousands, too large gaps tend not to work well.Exception to any rule; TTD is still going up off a 30% gap=most dont.
Books are best buy; but stock price can only go up or down or sideways slop chop.

AS far as ''killing it with live calls'', you could pay thousands; but stock price can only go uptrend or downtrend, or sideways slop-chop trend.

Buy tech stocks season is OCT-APR or May; so we're real late in the season.The uptrend could get more extended.You would most likely be better printing /study charts; but if you enjoy spending money off overpriced ''education'' ,its fine with me LOL:D:DI have overspent on guns.LOL
 
KPis6nL.png


-$210

Tomrrow is my last day before I change it up slighty in terms of my stock selection.
Todays trade that killed me was a symbol that I wouldn't trade going forward with my new stock selection rules whereby i'll largely be sticking to stocks I 'know' and 'gappers' will be more heavily vetted and will need to meet certain requirements. We'll see....
 
Untitled.png

This is why I tend to try to make the method work, though and have stuck with it for so long. There are people who trade these 'gappers' only, and seem to have a crystal ball. (the guy who posted that screen shot trades such stocks everyday and kills it every day. He didn't trade AKTX though, so need to try to work out HOW he chooses which gappers to trade). Trading a method that I know 'works' for at least one person makes that method tempting, but without ALL of the rules, I guess it's irrelevant.

So yeah, from monday, gonna be largely ignoring 'gappers' and just trading from a basket of stocks that I 'like'
 
Untitled.png


shorted the break of a perfect looking triangle. It DID give me about 1:1 profit in fairness but was looking for more based on the pattern
 
Don't feel bad, I had a red day today too. I traded GILD as well. And got smacked around in PYPL. Saw a good play on MOMO as well but hesitated, and missed out on .15cents.
 
CrashProof said:
Don't feel bad, I had a red day today too. I traded GILD as well. And got smacked around in PYPL. Saw a good play on MOMO as well but hesitated, and missed out on .15cents.
More...
yeah, momo was basically my only good trade/symbol, really
Untitled.png
,
 
You must log in or register to reply here.
Back
Top