By Mircea Dologa, MD, CTA*
Posted: June 13, 2008
The mysteries of trading the opening gap have eluded most traders. Only astute traders have had the courage to conceive of and execute these trades. One could wonder why. Well, the complexity of market flow achieves all of its importance well ahead of the "ringing bell" signal. Even if the mysterious air of the opening gap dissipates rapidly, as soon as he / she comprehends its foundation, the trader still has to work on everyday trading techniques.
Some traders will say that "the first hour is the novice's" and the last one "belongs to the professional trader"! Well…I completely disagree with this! Opening trades have a high level of complexity, and their comprehension takes time, at least several years of experience.
