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Mike,
First off, thank you for all the time and effort you put into the work you do. Love your books and your podcast, as they are very informative. I have a question, how do trend traders in the futures market maneuver gaps after settlement? Are they closing positions at end of day and reopening or do they let it ride? I trade crude oil and have seen some pretty nasty gaps at times. Although be it rare, they could lead to a sizable loss. Thanks again.
Trend followers are not one market traders.
They have exits based on price.
They have risk management based on price.
Gaps are built into price.
Right?
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