As of today, Jan 26th, January has been an interesting month. My MTG-based gap trading results this month so far are.
4 wins and 2 losers (66% win rate) for a profit factor of 3.81.
I took gap trades on
1/6
1/12
1/17
1/19
1/20
1/26
The rest of the days I passed as the probabilities did not line up according to my liking.
I think Scott @ MTG's results are similar but not exact as we don't always trade the gap the same way and he uses a lot of discretion with his position sizing, whereas I size every trade the same.
This is good as December was not a very good gap-trading month for me (1 winner, 3 losers) and I'm still trying to recover from that period of drawdown, solely in terms of gap trading. I remember that last December (2010) ( was a bad month for me as well.