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Strategies & Market Trends : The Final Frontier - Online Remote Trading -- Ignore unavailable to you. Want to Upgrade?


To: steve goldman who wrote (5026)8/18/1998 9:35:00 PM
From: TATRADER  Read Replies (6) | Respond to of 12617
 
For those who want to win at this game, make sure you commit the below strategy to memory......It is not a cure-all but it gives you
the beginnings of how to do battle with the big boys....
Basic Gap Trading Strategy
GAP STRATEGY
1. When a stock gaps down, set a buy order 2 ticks above yesterday's low...
2. When a stock gaps up, set a short order 2 ticks below yesterday's high..

Delayed Gap Strategy
1. When a stock gaps down, if one hour after trading, the present price is above the opening, GO LONG, BUY..
2. When a stock gaps up, if one hour after trading, the present price is below the opening, GO SHORT, SELL...

1. When a stock gaps down, if one hour after trading, the present price is lower than the opening, set a buy stop order 2 ticks above today's high...
2. When a stock gaps up, if one hour after trading, the present price is higher than the opening, set a short order 2 ticks below today's low..

TATRADER



To: steve goldman who wrote (5026)8/18/1998 9:51:00 PM
From: Gary Korn  Respond to of 12617
 
Again, if it doesnt pull back, so be it. You missed it, thats trading.

Steve,

Good advice (as was your entire post, thank you). The more often I remind myself -- as a trader -- not to chase a stock, the better I do. Yes, go with momentum, but wait for that momentum to show a base and to show the beginning of an up move.

Gary Korn