Scott Andrews - The Opening Gap

Format: Online Course / Video Lessons
Platform: Scott Andrews Trading

Course Overview:

The Opening Gap course by experienced trader Scott Andrews is specifically designed to teach you how to identify and profit from the opening gap in the market. The opening gap occurs when a stock or market index opens significantly higher or lower than its previous closing price. These gaps can be caused by earnings announcements, economic data, market sentiment, or other factors, and they offer lucrative trading opportunities for those who know how to trade them effectively.

In this comprehensive course, Scott shares his step-by-step approach to trading the opening gap—an often-overlooked yet highly profitable strategy for day traders and swing traders. With years of experience and proven strategies under his belt, Scott will guide you through the intricacies of gap trading, helping you to understand the psychology behind market gaps, how to spot them early, and how to implement strategies that maximize profitability while managing risk.

This course is designed for traders at all levels, whether you're just getting started in trading or have years of experience. It covers all the essential techniques and tools you'll need to profit from the opening gap, making it a must-learn for anyone serious about enhancing their trading skill set.

What You’ll Learn:

1. Understanding Gaps in the Market

• What is a Gap?: Learn the fundamentals of price gaps and why they occur. Understand the different types of gaps—upward, downward, and common gaps—and how they are created by news, earnings reports, or other significant market events.

• The Psychology Behind Gaps: Gain insight into the psychology of gap trading. Learn why markets gap and how to interpret market sentiment when a gap occurs. Understand whether the gap represents a genuine trend or a temporary market overreaction.

• Gap Types and Their Significance: Discover the key differences between breakaway gaps, continuation gaps, and exhaustion gaps. Learn which gaps present the best trading opportunities and how to take advantage of each.

2. Identifying Profitable Gap Setups

• Spotting Gaps Early: Learn how to spot gaps early, using both pre-market and after-hours data. Scott will show you how to identify potential gap trades before the market even opens, giving you a competitive edge in your trading.

• Volume Analysis for Gaps: Understand the importance of volume in gap trading. Learn how to analyze volume spikes to confirm the strength of a gap move and determine whether a gap will continue or reverse.

• Gap Triggers and Confirmation: Discover how to confirm the validity of a gap with technical indicators and price action. Learn when to enter trades, how to time your entries, and how to avoid chasing trades.

3. The Best Opening Gap Trading Strategies

• The Opening Range Breakout Strategy: One of Scott Andrews’ signature strategies is the Opening Range Breakout Strategy, which involves using the first few minutes of trading to gauge whether the market will break in the same direction as the gap. Learn how to set up entry points, stop-losses, and profit targets using this strategy.

• Gap Continuation Strategy: Master the Gap Continuation Strategy, where you ride the momentum of a gap in the same direction. Learn how to identify strong continuation gaps and enter positions at optimal points for maximum profit.

• Gap Fade Strategy: Sometimes the gap will reverse, known as a gap fill. In this strategy, you learn how to trade against the gap by betting on a reversal. Scott will teach you how to identify when a gap is likely to fill and how to set up trades for this scenario.

• Scalping the Gap: Learn how to take advantage of quick, small moves in the market when trading gaps. Scott will show you how to scalp gap trades for smaller but more frequent profits, especially in high-volatility environments.

4. Managing Risk and Trade Execution

• Risk Management Techniques: Learn how to protect your capital while trading gaps. Scott teaches you essential risk management techniques to avoid large losses, including how to set proper stop-loss levels and adjust position sizes based on market conditions.

• Setting Targets and Exits: Learn how to set realistic profit targets for gap trades, as well as how to adjust them as the market moves. Scott will walk you through how to trail stops to lock in profits while allowing for further potential price movement.

• Dealing with False Breakouts: Understand how to deal with situations when a gap trade doesn’t work out and the market reverses unexpectedly. Scott explains how to manage these situations and avoid being caught in false breakouts.

5. Advanced Gap Trading Techniques

• Intraday Gap Analysis: Dive into advanced techniques for analyzing intraday gaps. Learn how to combine multiple indicators and timeframes to determine the most likely outcome of a gap move.

• Combining Gaps with Technical Indicators: Learn how to integrate other technical analysis tools—such as moving averages, Bollinger Bands, and RSI—with gap trading strategies to increase the probability of success.

• Gap Trading Across Different Markets: Whether you're trading stocks, ETFs, or indices, this course teaches you how to apply gap trading techniques across various markets. Scott shares how to adapt strategies depending on the asset class you're trading.

6. Psychological Aspects of Gap Trading

• Emotional Control in Gap Trading: Trading gaps can be intense, especially when prices move quickly. Learn how to manage emotions like fear and greed to make objective, disciplined decisions in the heat of the moment.

• Patience and Timing: Timing is critical in gap trading. Scott emphasizes the importance of patience, teaching you how to wait for the right setup and not rush into trades based on excitement or impulse.

• Building a Trading Plan for Gaps: Learn how to develop a trading plan that incorporates gap strategies. Scott discusses how to build a structured approach to trading gaps and stick to it, even during volatile market conditions.

7. Real-Life Case Studies and Examples

• Live Market Analysis: Watch Scott break down real market examples, showing how he analyzes and executes trades based on gaps. See his decision-making process in action as he explains his reasoning for entering and exiting trades.

• Post-Trade Reviews: Review past trades and case studies to learn what worked and what didn’t. Scott provides in-depth analysis of successful trades as well as lessons learned from trades that didn’t go according to plan.

Why You Should Take This Course:

The Opening Gap course offers an exceptional opportunity to learn one of the most powerful and profitable strategies available to day traders and swing traders. Scott Andrews’ expertise in gap trading provides you with a proven methodology that you can apply immediately to your trading. Whether you are a beginner or an experienced trader, the strategies and insights shared in this course will elevate your understanding of market gaps and how to trade them effectively.

By mastering the techniques taught in this course, you’ll be able to identify high-probability gap setups, execute profitable trades with greater confidence, and manage risk more effectively. Scott’s clear and practical approach to gap trading ensures that you’ll leave the course with the tools and knowledge necessary to implement these strategies successfully in real market conditions.

Enroll today to start mastering the art of trading gaps and increase your profitability with Scott Andrews’ expert-led course!