petwyt1218
1
petwyt1218 Dec 24, 16 11:21 PM

Reading from notes I've gathered, anticipating a gap up should fulfill these criteria: Bullshit chart breaking out of its range (make sure you're buying a confirmed breakout and selling on day 2 of breakout, not buying a stock which ends up just double or triple topping). History of gapping. Close near HOD. Look to buy on dips from 3-3:30PM. You don't want the trade to be too crowded last 1/2 hour of day (this means no big spike of people interested in buying. You want the stock to go "unnoticed

petwyt1218
1
petwyt1218 Dec 24, 16 11:21 PM

" in the afternoon so that all the people who wanted to get in but didnt end up buying the next morning. If the stock spikes the same afternoon due to people buying it already, you dont have a wave of buyers the next morning to cause a spike, and when there's no spike everyone who bought anticipating a gap up sells. And last is not really a criteria but more of a suggestion; dont sell right at market open, selling during the 15 minute pullback.

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