I get excited about the US open

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Foxwales

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I get excited about the US markets opening, seeing how my trades pan out for the day, I also get excited about the Asian markets opening too as they are good indicators for next day markets.

I'm sad :clap:
 
Foxwales said:
I made £20.60 from a good bouncy open so I'm happy.
Click to expand...

You could also lose a lot more.
Spread bet index opening prices are based on their own book as they trade 24hrs a day.
The difference between SB index open prices and the real price can vary quite a bit...
TBH I would steer well clear of indices at open with an SB for that reason alone.

Oh and JRP is right again, completely agree.
Excitement means you are gambling as you are uncertain of a long term outcome regarding profit/loss.
 
JRP2891 said:
There's an inverse correlation between how exciting you find trading, and profitability.
Click to expand...

There's an inverse correlation between how hard you try to hit a golf ball, and how far it goes.

It's interesting that someone gets excited about the open, this might be another behavioural bias which leads to breakouts of opening ranges being statistically meaningful.

Just a thought.
 
Looking over my last week of trading where I have had 5 consecutive days of profits, all of them have been opened on the Asian markets and have done well into the European and US opens.

I may be onto something :cheesy:
 
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