Does anybody trade large gaps as a primary strategy. I've been using this strategy for a while with success, although I do give a lot back when I get stupid and don't cut losses quick, but thats another story. I either sell into large gap up, buy into large gap up looking for momentum, sell into large gap down looking for continued sell off or buy looking for a rebound. I wait till 10:00 to try and get better idea of direction. I just find its such a simple strategy that works and works well when you have a small account that your trying to build up because you get a lot of volatility. Of course the key is cutting your losses quickly, still struggling with that though. Its nice because you can have more losers than winners and be way ahead. Sometimes I feel that its such an elementary way of trading that people classify me as a loose cannon whose account will blow up eventually. Anybody trade this popular strategy with a lot of success?