Slowing trying to put the pre-market mover/gapper strategy into practice.
# | Following Rules | Behavior Chain | % Wins | Gross | Net |
2 | 100% | 2 | 100% | +$0.46 | +$0.43 |
WFR +.04 SHORT ~ Broke opening range low, which coincided with $16. Had over .20 profit for a while but the stock didn’t want to drop more and looked to be consolidating under $16. I exited per my rules for a small profit.
WFR +.42 LONG ~ Flipped position when stock broke bearish pattern and spiked bullishly above $16. Stayed in for an almost half buck profit until stock topped and my exit rules were triggered. Could of been worth another flip and short back down to $16 again – which looks to be an important threshold today.