Hi , I recently read in the web a few stories of people that claim to make a lot of money in gap day trading strategies (about 1-2% per day on average, net of commissions and losing trades). This sounds to me as too good to be true and I'm not sure as to the reliability of such stories. I would appreciate if you let me know from your experience whether gaps day trading is indeed so proftiable and what is the average annual return and drawdowns. I know that there are probably different gap strategies and the return may defer from one to another (as well as depending on the trader's own skills), but I want to get a rough sense as to whether it's a 10-15% p.a. strategy if implemented successfully or much more than that (taking into account both good and bad years). Also, what is the average drawdown and std? Thanks in advance for your help!
are you serious? there is no such thing as a sure thing on stock market(well ..with exception of buy every dip(or every day) on this longest ,biggest rally ever and became rich fast) how about this-grab a data ,code and back test it yourself. then come back and report your findings