Gaps Trading - Too Good To Be True?

A fellow trader and friend of mine makes his living trading nothing but gaps.

Each day his software scans the entire US and European stock market looking for gaps of a certain type. Then when this trader finds 2 or 3 good trading opportunities with reasonable downside risk he pulls the trigger without any hesitation,

That's ALL he does all day, gaps, gaps and more gaps, and he makes a nice living out of it.

Anyway.
 
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