My Experience With Gap Edge Trading - Trading Reviews and Vendors | futures io social day trading
futures io futures trading

My Experience With Gap Edge Trading
Updated: Views / Replies:2,520 / 2
Created: by Krav69 Attachments:0

Welcome to futures io.

(If you already have an account, login at the top of the page)

futures io is the largest futures trading community on the planet, with over 100,000 members. At futures io, our goal has always been and always will be to create a friendly, positive, forward-thinking community where members can openly share and discuss everything the world of trading has to offer. The community is one of the friendliest you will find on any subject, with members going out of their way to help others. Some of the primary differences between futures io and other trading sites revolve around the standards of our community. Those standards include a code of conduct for our members, as well as extremely high standards that govern which partners we do business with, and which products or services we recommend to our members.

At futures io, our focus is on quality education. No hype, gimmicks, or secret sauce. The truth is: trading is hard. To succeed, you need to surround yourself with the right support system, educational content, and trading mentors Ė all of which you can find on futures io, utilizing our social trading environment.

With futures io, you can find honest trading reviews on brokers, trading rooms, indicator packages, trading strategies, and much more. Our trading review process is highly moderated to ensure that only genuine users are allowed, so you donít need to worry about fake reviews.

We are fundamentally different than most other trading sites:
  • We are here to help. Just let us know what you need.
  • We work extremely hard to keep things positive in our community.
  • We do not tolerate rude behavior, trolling, or vendors advertising in posts.
  • We firmly believe in and encourage sharing. The holy grail is within you, we can help you find it.
  • We expect our members to participate and become a part of the community. Help yourself by helping others.

You'll need to register in order to view the content of the threads and start contributing to our community.  It's free and simple.

-- Big Mike, Site Administrator

Thread Tools Search this Thread

My Experience With Gap Edge Trading

  #1 (permalink)
Trading Apprentice
Denver, Colorado
Futures Experience: Advanced
Platform: NT8
Favorite Futures: ES YM NQ CL
Posts: 40 since Aug 2014
Thanks: 0 given, 31 received

My Experience With Gap Edge Trading

I joined and was a member of Troy Peterson's Gap Edge Trading, a website that specializes in finding and utilizing the opening gap in equities.

At the time Troy Peterson had a screen up and would enter his trades in the "box" for all to see, then would break down the morning action and explain what was happening in the price action of the stock being traded. I was a member for five months and at some point I could no longer take the pain, and realized that something was wrong.

We were in the midst of a raging bull market, and Troy had the tendency to short everything in sight. We took about 5 long positions in those five months, and routinely he'd rather make +0.11 on BBY short rather than +6 points on a long entry in LNKD. At some point I got sick of making nickels and dimes on small stocks and realized that Troy was not only costing me money by taking nothing but short trades, but that it was an insane problem of opportunity cost. Why take dimes when you can take points?

Further cracks began to show. Typically Troy had a good natured personality and soon that went away to reveal another egomaniac, often insulting those who disagreed with his trade calls and those who went long. I distinctly remember the day when the market was screaming higher and Troy insulted everyone who would think to go long by stating derisively "anybody can trade like that!!" At the end of the day, Troy has a problem with some sort of obsession with shorting, and it cost some people dearly.

His biggest cheerleader in the room went bankrupt, as did another long time member, and they later complained to Scott Andrews of Master the Gap, who immediately put on a clinic to help those who had been hurt. To his credit, and Scott Andrews is awesome like this, instead of telling those to join him, he merely pointed out the problems with gaps in equities and some mathematical realities of trading. He didn't try to sell anything, he just pointed out the dangers.

Another thing I noticed was that Troy was super aggressive in the first two weeks of the month, and if he got ahead, he took insane risks during the last two weeks of the month to "press his advantage", which usually ended in another losing month. It was also during this time when he called out a trade, and I noticed that only 400 shares traded in the five minute candle, and this told me all I needed to know--Troy is small time, if he's using money at all. It was also at this time that the alert from TradeStation stating "ORDER FILLED" was no longer audible in the chat room. Cute.

Maybe things have changed, but I don't miss his Mr. Rodgers voice telling us our short position with a massively wide stop will be okay when were already down 0.50 on a $9 stock.

Reply With Quote
The following 4 users say Thank You to Krav69 for this post:
  #2 (permalink)
Quick Summary
Quick Summary Post

Quick Summary is created and edited by users like you... Add FAQ's, Links and other Relevant Information by clicking the edit button in the lower right hand corner of this message.

  #3 (permalink)
Elite Member
Futures Experience: Intermediate
Platform: MultiCharts 10.0
Broker/Data: IB
Favorite Futures: FCE,ES,NQ,YM,US stocks
Posts: 3 since Jan 2012
Thanks: 2 given, 0 received

Thank you for this interesting and detailed feedback.

Reply With Quote


futures io > > > My Experience With Gap Edge Trading

Upcoming Webinars and Events (4:30PM ET unless noted)

September Journal Challenge (sponsored by TopstepTrader)


Battlestations! Win $947 in prizes for showing us your trading desk!


Finding Your Edge & Maximizing Returns w/Richard L Weissman

Oct 16

Similar Threads
Thread Thread Starter Forum Replies Last Post
Support and Resistance Levels / Gap up & Gap down bars sajidghori Currency Futures 7 May 10th, 2014 07:13 PM
Webinar: Master The Gap - Trading Historical Probabilities Big Mike The Elite Circle 14 January 26th, 2012 09:30 PM
Trading with an edge - what does it mean to you ? trendisyourfriend Psychology and Money Management 22 September 14th, 2010 06:39 AM
Trading PA Practice - trading the right edge benbrooke Beginners and Introductions 57 April 2nd, 2010 03:00 AM

All times are GMT -4. The time now is 08:42 AM. (this page content is cached, log in for real-time version)

Copyright © 2018 by futures io, s.a., Av Ricardo J. Alfaro, Century Tower, Panama, +507 833-9432,
All information is for educational use only and is not investment advice.
There is a substantial risk of loss in trading commodity futures, stocks, options and foreign exchange products. Past performance is not indicative of future results.
no new posts
Page generated 2018-10-13 in 0.10 seconds with 14 queries on phoenix