You misunderstand my post - I love the outrageous morning gapups and take advantage of them everyday. My personal rule is to sell 50% minimum into a gapup to lock in profits and to then use a trailing stop - I dump as soon as the ticker goes down. Sure, I lose out on some big runs that come off a dip and rip, but I avoid any big losses. If you look at my daily suggestions, I actually am targeting stocks that I think have a good change of gapping. That is the essence of my picks - I target gapup stocks. I have various screening methods I use to make my selections, and then choose the tickers I buy after 3:30 based on how they are doing. After 3:45 is key. My personal calcs have shown a ticker that gaps for the day, closes above the gap price, and goes up during the last 15 minutes of the day has approximately a 72% chance of gaping the next day (of course, many of these "gaps" will be immaterial, and some will even gap down a bit - this is why I buy around 6-8 tickers; usually 2 of those pay off nice when I have a good day; I have been making good money with this strategy for 4 months now - morphed into it out of my former pump and dump strategy as pump and dumps started to die).
Whoever loves money never has money enough; whoever loves wealth is never satisfied with his income. I have seen all the things that are done under the sun; all of them are meaningless, a chasing after the wind. Only trade for the sake of trading.
