High probability 93.33% Day 2 gapup short strategy backed by cold hard data
Welcome to my second blog post. If you enjoyed reading my last blog , I really believe that you will enjoy this blog even more as this blog lays out a high probability short setup with over 90% accuracy all backed by cold hard number backtested over all the trades from 2019-2021. In this blog i will attempt to show you the process on how exactly I filter plays to come up with a high probability setup. Tools used: Spikeet Microsoft excel 1. First step of the process was extracting data using Spikeet for all stocks that run for more than one day and gapped up on day 2. Here are all the filters I used in Spikeet to find all the multiday runners closing 50% or more the previous day. If you are not sure how to use Spikeet I did a whole tutorial on how to use the tool and demostrated a high probablity over extended gapdown setup. You can watch the full video on spikeet's youtube channel. Now lets pull data fr...