How to Day Trade Gappers and Stock Gap Ups - Day Trading Psychology for Beginners

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Learn how to day trade gappers and stock opening gap ups in this video. Some penny stock and large cap stock gap ups will sell off while others will run higher. I'll be going over basic stock market psychology behind these stock gappers, and how day trade these strategies with a trading plan.

Time stamps:
02:00 Trading psychology behind bag holders
05:17 Penny stock gap up short strategy. $RNN $BPTH
07:37 Large cap gappers long strategy. $DIS $JPM
10:11 Large cap gap up short strategy. $JMIA
11:48 Summary

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How to Buy Penny Stocks Overnight strategy
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How to buy penny stock gap up long strategy
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Psychology behind the penny stock gap up short strategy:
Small cap penny stocks gap ups are some of my favorite short set ups as a day trading strategy, especially if the stock has a lot of bag holders on the daily chart. Bag holders are investors who's been stuck in a diluting penny stock for months or even years. And these are the people who will sell out of a penny stock when they see their stock finally gapped up 80% overnight. These buyers will be quick to either cut their losses or breakeven. That's why $RNN stock had little to no chance of holding its gap on April 16, 2019.

How to short penny stock gap ups technically:
The short strategy is very simple for beginners. I like to draw out premarket high as my risk, That will be my scale in entry with small size. Once the stock breaks premarket low and starts to sell off, then I add into my short position full size. I'd be looking to gap fill the short position and covering on the way down of course.

We saw the same with $BPTH stock. People started buying the penny stock after some news release on April 15, 2019. However, this stock trapped many bag holders from only weeks ago. Those buyers would look to get out at any bounce possible. That's why $BPTH sold off it's entire gap premarket.

Why do large cap stock gap ups hold and go higher?
As for large cap and mid cap stock gap ups. I like to buy the stock gappers up with positive news that will benefit the company's earnings near term. $DIS stock released details about their streaming service Disney Plus. $JPM stock released positive Q2 earnings report. Those are amazing news overnight therefore the gaps would be likely to hold and the stock would go up higher.

How to trade large cap stock gappers?
When I day traded $DIS stock gap up. I bought the premarket high breakout higher. If you're not fast enough at the market open. You can also look to buy the stock during the consolidation period if it proves that it can hold the gap up. Which was the case for $DIS and $JPM.

How to short large cap stock gap ups?
As for $JMIA stock. This stock gapped up overnight for $10 points not because of fundamental catalyst like $DIS and $JPM, but because it was a recent tech IPO that was really hyped up just like $LYFT. Therefore, I would be shorting this gap up at the break of premarket low and gap fill it down.

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