The only issue I have with this strategy is getting filled at the open. I can imagine that there is a lot of slippage at that point.
Thursday, April 5, 2012
Fade the Gap
"Fading the opening gap" strategy has been a pretty effective strategy on certain indices. Today is a classic example of why this effective. Notice how it had to reach the previous close before it found direction.
The only issue I have with this strategy is getting filled at the open. I can imagine that there is a lot of slippage at that point.
The only issue I have with this strategy is getting filled at the open. I can imagine that there is a lot of slippage at that point.
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