Three day gap fill - BOIL · Trash Panda Trades

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.

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