Gap Plays

He actually had some good picks and opened my mind up to a interesting way to trade. I do wonder what happened to him myself.






Quote from chud:

What ever happened to Gapster?

Did he just start this thread to advertise Alliance?
More...
 
Faded the gap up on OVTI.

Shorted 15.22 @ 9:41
Covered at 14.88 @ 9.48

I was looking for it to drop under 15 and cover there. It passed through 15 and kept going, covered when decline stalled.
 
I don't post on this anymore cause I'm paper trading my strategy again after I modified it a little. I'm hitting around 66% win rate. Seems like I have 1/3 small losers, 1/3 small winners(which cancel out the losers), and 1/3 that are significant winners.

This morning I'm looking at HD, XMSR, and RCL.
 
XMSR didn't trigger.

RCL Long at $44.83, stoped out at $44.91 from the shake out around 45. Still had some movement in it though. +.08

HD Short from $42.47, closed the gap and covered at $41.93. + .54
 
List for today.

AMED
KOSP
FNM
SINA

I've found that in NASDAQ stocks that they tend to have more noise off the open and take a little while longer to settle into a trend. For NYSE stocks, they seem to behave better and I can enter earlier.
 
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