Gaps are very obvious on stock charts, and when most traders see them, they wish they would have gotten into (or out of!) the stock before it gapped… But what if I told you there was a way to play these gaps, after the fact, in a way that would limit your risk without limiting your potential profit?
In this episode, we’ll look at eight “gap-trading” strategies -four for buying, four for short-selling -and offer specific rules as to when to buy (or short) and when to sell (or cover) in a way that will cap your losses, but let your winnings run and run and run.
In this episode, you’ll learn:
-What exactly constitutes a “gap.”
-Why the first hour of trading after a stock “gaps” is the most important.
-Why you want to enter gap plays at a price that’s higher than any price they’ve hit that day (or lower, in the case of a short).
-How to know when to take your profits -or cut your losses.
Happy Trading!
Manny Backus
CEO, Wealthpire Inc.
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