In our previous article about gaps, we focused on what happened during the days following a gap on the daily chart. Now we will be looking at opening gaps and what is likely to happen next during that same trading session.
Is there a statistical edge about gaps that we can use in our trading? Let's find out.
The stockmarket's performance has been stellar for yet another month, while all the negative sentiment from the Covid-19 news is just neglected. The difficulty of accepting those two facts is a significant part of trader psychology. Just take a look at the recorded recommendations from all the market gurus lately, those were mostly terrible.
From now on, the trades that are made for the Greed and Fear model portfolio will be reported on the blog after they are closed. This will result in a more accurate and up-to-date reporting of the trading result.
- Written by Raoul Suurmeijer
- Category: Results
In 2017, a start was made with verified actual trading results. Now we continue doing so for the year 2020. The result is based on trading only 1 E-mini S&P future with a (minimum) $10.000,- base amount. This is the Greed and Fear model portfolio. With the accumulated profits, the value of this portfolio stands at $25370,50 at the start of 2020.
If you use any search engine and type in the phrase "How to become a successful short term trader" or anything similar, you will find roughly 70 million(!) websites that will help you in achieving that goal, or so it seems. While in reality, there's only one right and honest answer which is more like this: "There is an extremely low probability you will ever be successful in short term trading, and you will most likely lose all funds in your account".
First, autotrading is a great development for the trading community, both for investors as well as traders. It gets rid of all the fluff and ambiguous analysis that float around the internet, that whole crazy circus feeding the modern gold-rush.