The Art of Chasing Rallies: Does Buying That Gap Up at Open *Actually* Work?

Tired of FOMO-chasing those opening gap jumps just to watch your position bleed red by EOD? [Quant backtests on Nasdaq 100 names dropped a wild truth: blindly buying gap-up stocks and holding for a day nearly always loses.](https://www.moomoo.com/news/post/1000153019?global_content=%7B"promote_content":"11067213","promote_id":20795,"promote_type":43,"sub_promote_id":1%7D) But flipping it? Snapping up those gap-down strong large-caps and holding 10 days crushed the benchmark, hitting 37.1% annual returns vs SPY's 19.8%. Wild how the crowd's standard go-to move is the exact losing play here. Who else has gotten burned chasing gap opens before?