The Hit & Run “Overnighter Trade”: DM, A Case Study

This is not your usual market. Runaway moves, blow-offs are unique.

One can make a lot of money being aggressive in these markets.

The trick of the trade is to understand when the character of the market is changing and the trend is bending and to pull in your horns.

As W.D. Gann wrote, “The most money is made when fast moves and extreme fluctuations occur at the END of major cycles.”

This bull has turned traders into geniuses.

The truth is that few of us are geniuses.

The old saw is don’t confuse brains with a bull market.

In this game, only the humble survive.

We’ve been crushing it this year at Hit & Run trading by being aggressive.

The Overnighter Setup is one way we’ve been doing this.

This occurs when a stock breaks out with an expansion in range and closes at/near session highs.

DM is a good example.

Late Friday, I recommended members on the Hit & Run Private Twitter Feed go long DM looking for a gap up/continuation move on Monday.

A two day 10 minute DM below shows Friday’s strong runoff and Monday’s gap open.

That’s a nice one hour 10% move from 31 to Monday’s first hour high of 34.50 where we trimmed.

If you can string many 10% moves together, pretty soon you’re talking big money… importantly while minimizing the amount of time exposed to risk.

Hit & Run, Trim & Trail.

99.999% of traders have never even seen the Square of 9... let alone understand its potential.

Do you dare to be different?