TA Tip (1) About Gaps and Day Trading Critical Time Spots

There are several most dangerous time spots for day trade:

(1) First 15-30 minutes after Open, look for strength. Also remember first counter trend push up after the day start always fails, that fits both long and short, gap ups and downs.

(2) 2:30-2:45 area, this is the time when day-traders exit the trades

(3) 3:30 +-5 minutes This is the time to decide if longs and shorts who are most scared to hold through overnight

(4) last 10 minutes, who is going to win and who is most scared to look forward for next day. Most Breakout up or down confirmed at this time zone with critical TA line breaks.

Gap up and down are now common these days with $VIX over 60's, Overnight Asia and European mkt does impact U.S mkt opens, BUT no need to be panic on gaps, >60% of cases mkt will attempt to try at least 1 time to close the gap or part of the gap so they can exit their position. MMs do not like to get caught with their pants down.

for me I just simply exit position everyday, But in the case when I do get caught with Gap ups and gap down, if the gap is the direction I like (make me more profit) I will exit my position right way. If the gap is against me, I wait to see if there any attempt for MM to recover some part of the gap within first hour, then exit the position to keep peace of mind.

There is always chances to re-enter. You can use Fib number for the gap recover, and see if they can recover 0.38, 0.5, or 0.618. Above 0.5 Fib is considered strong recover and you can set stops slightly below 0.38 Fib. If you do set GTC stop and stopped out right at open, don't panic, stay calm, mkt always gives some sort of chance to let you re-enter if your analysis and mkt sense is correct.

Do NOT let a few points to ruin your day, make your blind, and drive you crazy on next few trades (the situation like this might lead more mistakes and panic)

Stay Calm and remember mkt never lack of chances and your acct is limited.