$SPY - Been eyeing that gap since Tuesday and sure enough we just got it filled today. If you had held all the way to the gap target today you'd be looking at 5x returns. If you were happy with the quick profits it was a nice 2x. As pointed out before the key to this strategy is doing it every day of the week because you never know which day is going to be the big winner. And also keeping your position sizes the same (or only adding on confirmation days) so that the days it doesn't work you only lose half or one unit size. In hindsight today ideally if you went 1 size on the red color (first 30 minute close) and went another size on the confirmation, you could have closed the second trade for 100% to lock in gains, and let the other run for a 5x to fill the gap. The success is finding a way that works best for yourself since everyone using different sizes and has different risks. A small account might want to hold all day, bigger accounts might be fine locking in earlier profits.
