countryroads
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Wednesday's are iffy too !
Wednesday can be iffy as people tend to take a mideweek break from the long hard slog of tuesday at work . It helps to know that you only face thursday at work before you slope off early on Friday !
So now we Know there are only two trading days in the week . :
Racer said:
Wednesday can be iffy as people tend to take a mideweek break from the long hard slog of tuesday at work . It helps to know that you only face thursday at work before you slope off early on Friday !
So now we Know there are only two trading days in the week . :
I take no notice of any of that. Chart patterns form on any day. I, also, hold London shares over the weekend, too, although I've had gaps opening for and against me on Monday. That's the way it goes.
I don't advise that for index trading, though, or for US stocks. I am more in favour of day trading these.
Day trade them on any day of the week, though, if you like the setup.
Split
I don't advise that for index trading, though, or for US stocks. I am more in favour of day trading these.
Day trade them on any day of the week, though, if you like the setup.
Split
charliechan
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Racer said:
i find tuesdays are also a waste of time because people are just coming back to their senses after taking the monday morning off /long weekend.
thursdays are definately out of the question because people start winding down before fridays inevitable lack lusture performance - long weekends.
when i was on the floor, all the clerks would get wrecked on thursday nights. their attitude was that they may as well be hungover and unable to function on company time rather than their own time (the weekend).
judging from other peoples observation, this leaves wednesday between 12-2pm as the only time business can be done. unfortunately, people are out to lunch at this time.
charliechan
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Splitlink said:
have you thought of taking a pairs trade position if holding over the weekend?
eg, if you're long £x worth of ba shares on friday afternoon, try shorting £x worth of easyjet into fridays close - or other stock with high correlation usually to be found in the same sector.
obviously gap ups will not be as profitable - but you cant have it both ways.
SOCRATES
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And no one has thought additionally to consider all the public holidays, Xmas, Easter, Independence day, Bastille day...plus the sporting calendar...and the football...and Cowes Week and Ascot....and then every other day is a Holiday....Marvellous !
charliechan
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dont forget the jewish holidays either - new york markets tend to especially quiet during these times because many of the operators are jewish, and only give jobs to the chosen people. this is especially true of nymex and comex - one reason why the thread starter finds fridays to be thin - start of the sabbath for the chosen people so half of nyc goes home after lunch.
islamic holidays are not as important as i believe the koran frowns upon profitmaking and sees it as ungodly. the extent to which most muslims accept this i do not know. probably a fundamentalist thing. i met someone once who specialised in islamic law in order to provide banking and consulting services to islamic companies in the middle east. he told me this. basically, through accounting practices, he allows them to make huge profits, but not call them profits. some time ago. may be he should have had a chat with the late ken lay.
islamic holidays are not as important as i believe the koran frowns upon profitmaking and sees it as ungodly. the extent to which most muslims accept this i do not know. probably a fundamentalist thing. i met someone once who specialised in islamic law in order to provide banking and consulting services to islamic companies in the middle east. he told me this. basically, through accounting practices, he allows them to make huge profits, but not call them profits. some time ago. may be he should have had a chat with the late ken lay.
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TheBramble
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I've also noticed this. At first I just thought my screens were dead, but it happens every weekend.Racer said:
So I've developed a special low-volatility hedge which I apply last thing before market close on Fridays. Works a treat.
Racer
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Saturday Sunday
Quite quiet a time to trade, fairly frequent low levels of lackluster levels of violent volumes, to yet yield fabulous financial monetary mountains of lovely lolly to tempted traders.....
In other words? Is it really worth the risk... you stand to lose sooooo much!
Quite quiet a time to trade, fairly frequent low levels of lackluster levels of violent volumes, to yet yield fabulous financial monetary mountains of lovely lolly to tempted traders.....
In other words? Is it really worth the risk... you stand to lose sooooo much!
TheBramble
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But that's the beneficial bounty of taking trades with a known nuance of restricted risk.Racer said:
Low volatility means there are not many of us prepared to step up to the plate over this period which means I have a largely limited market mass to take trades against. So I buy massive amounts of premium last thing Friday knowing it will be worth less when I sell Monday morning. But here's the winning angle on all this (and you'll kick yourself for not spotting it yourself sooner) - I know in advance how much I'm going to lose! Every weekend it's the same relative low levels of volatility so I KNOW in advance how much I'll be down come Monday morning. Much better than getting a nasty shock eh?
How many other traders can run as tight a P&L profile as that? I ask you.
But not all us whizzard wonders trade terrificly well while wondering willfully what went wrong with winding wondrous wishes while whistling wistfully.
peto
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Racer said:
A wily old trader from Dartmoor
Found liquidity particularly poor
At weekends, despite skill
He could NOT get a fill,
but action was there, he was sure
The poor chap was afraid
"It's hopeless" he said
The answer was out there he knew.
Then at last he heard 'ping'
What he saw made him sing
Racer had taken his trade
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TheBramble said:
Hi Bramble,
You're losing this elderly gent! I don't buy on Friday because I want to know what my loss will be on Monday but because I think that the price is right on Friday. If I thought that it would be lower on Monday, then I'd wait.
I wrote the above just in case you were serious, but I suspect that you are having us on
Splitlink said:Hi Bramble,
You're losing this elderly gent! I don't buy on Friday because I want to know what my loss will be on Monday but because I think that the price is right on Friday. If I thought that it would be lower on Monday, then I'd wait.
I wrote the above just in case you were serious, but I suspect that you are having us on
I'm sure Brambles extremely serious.
Not trading on friday afternoon also means i can go to the pub! I suppose this is a kind of curve fit?? It works for me tho!! :cheesy: Millsy
