Three day gap fill - BOIL
Hi, Was able to secure another win using the three day gap fill strategy. During pre-market today I noticed BOIL gapped down so I placed a buy stop limit order right at 19.37 which hit within first 10 minutes of market open. Placed a 2% trailing stop loss right after. - Took first profit selling 1/3 at ~1% above entry, moved TSL so it's right at entry price - Took second profit selling 1/3 ~2% above entry, moved TSL so it's right at 1st profit target. - Ended up selling half of my remaining just 10 cents after and eventually stopped out at 19.71. Ended up with 1.72% profit. Not bad, although I did miss much more of the move afterwards. Still applying mostly this strategy which has been great, but want to see more consistency before I size up my position as well as making this strategy more profitable.