Why is the Gap trade the easiest trade of the day?

Folks often ask me why I love trading the opening gap so much.  My response is always “It’s the easiest trade of the day!”  Their next question always revolves around why I think it is so easy.  So, I developed a list of the top reasons why the opening gap is the easiest trade of the day.  

Here’s the list:

1. Gaps have an inherent bias and edge (>70% win rate). 
2. You can prepare to trade them in minutes before open.  
3. They can be traded without charts from anywhere in the world.
4. There is minimal slippage due to opening volume.
5. “Fire & forget” – place the order and walk away.
6. Entry & target are pre-defined, there is no need to manage the trade.
7. Risks are limited and controlled – there is no overnight risk.
8. They work in bull and bear markets equally well – no need to predict themarket’s next move.