Professional Gap Down
by Greg Thurman
(Las Vegas, Nevada)
2-minute Sell Setup after Pro Gap down
I like to trade Gapping stocks (pretty much exclusively) for the first hour of the day. If the gap is Professional, then I will see how it trades out of the gate. If it makes no attempt to fill the gap, I will look to short a 5-minute hi/low, however my favorite plays are catching the first buy/sell setup that can't retrace more than 50% into the gap fill.
Trading Journal Spreadsheet