Filling in the gap

Along with knowledge acquired as a trader, one important tool is referred to as "filling in the gap." Frankly, the gap is the difference between the open and the previous close. If the gap is too big, it should statistically retrace in the short term more often than not. Of course, this is a play for high frequency trading. However, combining this strategy in relation to the relative strength index can increase the odds making your decision; in this case I felt that an RSI under 20 indicated an oversold level. Opportunities like this are one of the reasons why waking up at 6:00 am is worth it. In 15 minutes, locked in my gains after I put my money where my mouth is.