Gaps

90% of my trades involve stocks which have gapped, and everything I've learned is through observation. Wether a gap is filled or results in a continuation seems to change weekly depending on overall market conditions.

Some of the gaps I've played today and yesterday are SMTS, QSII, IVGN, CNCT and ELOS, which has dropped almost five points after gapping up on positive news intraday yesterday.

As far as stocks being too slow compared to the indices, I do not think this comment could be any further from the truth.
 
Quote from Lefty62151:

In the electronic market, profitable gaps exist because of the significant volume changes from the overnight to the open of the US market.

Samson, I could really give a shit whether you agree. I concern myself with my P&L. It seems to indicate that tradeable gaps occur several times a week.

To the original poster, tradeable gaps occur in just about every commodity. Look at grains, meats, metals, and many others.

Gaps can be a source of income IF you do your research.

Good luck to you.
Lefty
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Lefty I'm happy for you, really I am but I am still entitled my opinion and after many years trading gaps I make good money from them too so chill out.

I was merely pointing out the FACT that with electronic trading being what it is these days Gaps as they where commonly referred to no longer exit and that the original poster would be wasting his time looking for any material on something that isn't real anymore, especailly in the futures market.

sheesh this forum is too much at times.
 
Listen asshole, several posts ago you declared they don't exist.

The guys trying to learn to make a living.

Sounds like you are having a bad day and you want to pull someones chain.

Fuck you.
 
Quote from Spydertrader:

Nonexistent Gap

<img src=http://www.elitetrader.com/vb/attachment.php?s=&postid=768642>
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lol Spyder.

:)

(I still read your journal daily even though I don't trade that way. One of the best on ET - keep it up)
 
Actually I'm having a good day as usual but you two SYMANTICS majors are giving me a GOOD laugh!

This is a chat forum read between the lines for the MEANING of peoples comments.

MORON (since you went and called me names right back at you)
 
I apologize for calling you an asshole.

You can still go fuck youself however.

I hope you appreciate the semantic difference..

Lefty

Jgadefelth:

PM me for a resource that you can use to learn more about gap trading. I will be glad to help you get on the right track.
 
Samson is technically right !

True gaps RARELY exist anymore in the sense that electronic trading and 24 hour access allow most of the price to be in the stock or index already.

That being said you still can make money trading 9:30 opens as you did in the old days but it is different now and requires different skills.

Some of you guys that may have not been around as long as us old timers wouldn't know the difference but it has changed a lot.
 
Quote from snooptrader:

lol Spyder.

:)

(I still read your journal daily even though I don't trade that way. One of the best on ET - keep it up)
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Thank-you for the kind words, and I appreciate your interest in The Journal. I trade the opening gaps unless I receive an early trade signal from one of my 'Hershey Equities." The gap opening method I use has put more than a few dollars in my pocket over the years. I wonder now; do I need to give that money back?:D

- Spydertrader
 
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