Skipping The Middle of the Day

The WSJ ran an article called Traders Who Skip Most of the Day on Friday and made it seem like it was a novelty. Hmmm?

I think there are many more traders trading exclusively during the Open/Close than the WSJ would know or let on. The Open and the Close are the two most liquid times of the day.

You can start at 8 am ET and work 2 hours. Put your stops in and come back at 2 or 3 pm ET. That would give you 4-5 hours during the day. This is especially true for an intermediate-term or long-term trend follower. Despite what you might think, watching your screen all day has no effect on the securities you trade or are looking to trade. The market is going to go where it’s going to go.

Early in my career when my cash-flow was tight, I relied solely on EOD (end of day) data. I was up over 50% for the year. You can still do that today unless you have a judge in your head that won’t allow you to do it.

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