The rule: gap 20-40% premarket, wait 15 minutes, buy only if price trades back up through the opening price, never chase more than 5% above it, 20% stop, flat by 15:55. No overnight risk. Simulated / paper trading, no real money.
Aug 26: our screen flagged 13 premarket gappers. We traded 3, 1 green, net $+210 on the day. Every fill below, winners and losers. Simulated / paper trading, no real money.
Running record: 31 trades, $+328, 35% win rate, profit factor 1.06. Fewer than half win -- the method needs the winners to be bigger than the losers, and posts both.
Not much action across the board.
Two stocks I gave you today gave us pretty nice levels to trade around but nothing exciting;
$CRE $6.00/5.70 zones gave multiple 20/30% bounces and even hit highs of $8.60. π°
But I also did tell you guys that unless we clear $8.25, we won't see much right? You can see from the chart, we never cleared $8.25, just wicks.
$XPON $8.00 area also provided nice hits and even made highs to $11.79 for a nice 30/40%. π°
Not that much of an exciting day though, just base hit moves and all but we managed well.
Everyone is probably waiting on $NVDA earnings after market closes! π₯
$CRE opened +147% above yesterday's close, $5M cap -- it cleared our premarket gap screen this morning. We didn't trade it; posting the screen, not a call.