I haven’t been trading much over the past few days. There aren’t a lot of gappers for me to choose from. I did take a couple of trades today and like Eyal yesterday made some lunch money, although not for the whole family.
I traded ASN for 1R. This one was a shame, too. It almost immediately went in my favor and for a few seconds I was sitting on 4R in profit. I’ll need to work in some type of profit taking rule to capture some of that – it was less than breakeven for a while there.
I traded BIDU off a hammer on the OR high on the 15 minute chart. I should have trusted my instincts which told me to be wary since there was very little if any gap from yesterday.