Monday, March 22, 2010

Gap Fill Gain At Open

Saw the 5m entry after bar closed on high and the gap to be filled. I couldn't hit the button fast enough and had to enter a market order. Took very little heat and it was on increasingly bullish internals so the heat was very short lived. Exited on gap fill for about 10 tick gain. If I was playing 2 contracts it would have been good to let second one run as internals continued bullish moves. I'll need a few more of these sim gains before trading live again.

What was missing here was implementation of the GCOPP to my incorrect 'instinct' of taking a gain and exiting a 'winner.' I forgot about that as the action was moving and I was making screen captures.

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