Gap Plays

Discussion in 'Journals' started by gapster, May 31, 2005.

  1. So what do you think will this YM gap fill today?

    It just broke out of a triangle I'm short :D
     
    #81     Jul 14, 2005
  2. flat b/e

    :cool:
     
    #82     Jul 14, 2005
  3. Played the gap up on Ebay this morning. Long 400 shares at 40.29 @ 09:36:29, sold at 40.97 @ 09:40:55.

    Total $272 - commissions $26 = total $246

    I got a little worried, I had some computer problems in the middle of the trade. My trading platform froze up a couple times. I talked to support and they said my internet connection cant handle the high volume. Something I need to watch out for because if this went the other way, I would have been SOL trying to get out of the position.
     
    #83     Jul 21, 2005
  4. Good play. Always have a back up. I use cable internet for my primary at home coonection. My back up is netzero.com 10 free hours of dial up.

    CasperCRF check out About.com I posted some new info on there. :)

     
    #84     Jul 25, 2005
  5. Played the gap down on OSIP. Gapped down on news about buying out EYET. Shorted at bottom of 5 minute bar, stopped out for a $1 gain. This has to be my best exit ever, my short got covered 1 penny above the low of the day so far. Probably just luck or coincidence but I'll take it.
     
    #85     Aug 22, 2005
  6. Forgot this.
     
    #86     Aug 22, 2005
  7. chud

    chud

    You got stopped out 1 penny from the low? That's a pretty tight stop.
     
    #87     Aug 22, 2005
  8. From the low of the day up until a little while ago. I had a buy stop at 31.81 and got filled. The price dropped to 31.80 and then rebounded a little. I thought it was neat to get out at almost the absolute bottom.
     
    #88     Aug 22, 2005
  9. chud

    chud

    Nice trade. What kind of exit signal did you use?
     
    #89     Aug 22, 2005
  10. Just an arbitrary price target of a $1 from my entry. That's why I was saying it was just luck/coincidence that it was almost an absolute bottom.
     
    #90     Aug 22, 2005