Market Opening Gap Report
The Market Opening Gap report helps us evaluate our trading performance based on how the overall market (SPY) moved on our trade entry date.
What is a Gap? Gaps are areas on a chart where the price of a stock opens above or below the previous day's closing price.
Trade Distribution by Opening Gap Type: This shows your trade count grouped by the SPY ETF gap on the market open on the entry date of your trade.
Performance by Opening Gap Type: This shows your P&L amount grouped by the SPY ETF gap on the market open on the entry date of your trade.
Your trades are grouped into three different opening gap ranges.
Gap Up: When the opening price is greater than yesterday's high price.
Gap Down: When the opening price is less than yesterday's low price.
Flat: When there wasn't a gap up or gap down, however there was slight price movement.