A dummy a day: Knight Capital Group Inc. (NITE)

NITE would’ve been easy to spot with the big gap up and lots of volume. A trade off of the 30-min candles would have worked, but nothing too exciting:


If you bought NITE when it broke above the 11:30 inside candle at $14.41 with a stop below it at $14.19, you would risk 22 cents. Holding until the end of the day would have given you 51 cents for every share you owned, or 2.3 times your risk.