Quote from mcelitetrader:
Gaps...being seen in the future....With a crystal ball and some medication I can see anything
No way to tell they are coming.......
Sure on market open you can play with it but during the trading day. No way....
When I do see a gap its all about the play after.....I use them as strong support and resistance levels....Most gaps during the day will fill but that is just because most traders think they will and also why I'm writing this post so more traders will think they will fill...laughs.....
Try this.....
http://www.incrediblecharts.com/technical/gaps.htm
Gaps take balls to be played.....the odds are with you however so your balls dont have to be that big.....
Quote from mcelitetrader:
You would be blown away at how quickly levels drop away when material information is released.
You dont stand a chance and you cant see it happening until your stock has moved more than you can imagine...
you dont want to be around when stops are going off.......
The one bad thing about trading is the constant risk that you take on each and every time you hold a position.
The other bad things are sneaky specialists...hidden orders..crossed markets....outside prints....organized buying....news breaking midday....system crashes.....stuck orders....crashed ECN's....broken trades...
uhhhhhh