Traders Pile In at the Close

Traders Pile In at the Close

Updated May 27, 2015 7:22 p.m. ET
The middle of the day has become awfully quiet on the U.S. stock market, as index funds and computer models push the action toward the end of the trading day.

I concur with this finding as I like to do trading around the end of the day.

Abeer Saba said:

hi

i have found that all the exchange market lately having some awkward changes that i don't personally like but what to say !! got to keep the game going !!

Good Luck .

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Why don't you personally like?

Abeer Saba said:

well i dont think any trader will personally like all what happened yet what will gonna happen, it's unfortunate really market did came a long way but lately its been bad my friend !!

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I didn't quite get that.

hhiusa said:

Traders Pile In at the Close

Updated May 27, 2015 7:22 p.m. ET
The middle of the day has become awfully quiet on the U.S. stock market, as index funds and computer models push the action toward the end of the trading day.

I concur with this finding as I like to do trading around the end of the day.

Click to expand...

What do you trade and do you hold the position overnight?

itspossible said:

What do you trade and do you hold the position overnight?

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I trade equities in the NYSE mainly, but also NASDAQ, NYSEARCA, NYSEMKT in the US. The only forex I do is for purchasing currency to trade in the NASDAQ OMX Nordic, LSE, TSE & ASX. I couldn't tell you any one stock that is good because my api doesn't incorporate news or pay any regard to what sector it is in. It begins scanning the all equities above a certain share price and average volume right before the market closes whereby it predicts which stocks will be good to buy tomorrow based upon what the close will most likely be for that day. It is that reason why my trades are executed near the end.

To answer your second question, I sometimes hold it overnight it doesn't sell before the after hours market closes. My computer places a MOC or just before and sometimes it even sells before the close or during the after market.

I also tend to avoid stocks that pay dividends because they are too problematic as far as daytrading is concerned.

I like these for long-term

I know old guys who have been trading imbalances for years before HFT was introduced. It's nothing new.

Alright so what's the point about the HFT? Anyway, do whatever works. It works for me. Just because it isn't new, doesn't mean it doesn't work.

hhiusa said:

I trade equities in the NYSE mainly, but also NASDAQ, NYSEARCA, NYSEMKT in the US. The only forex I do is for purchasing currency to trade in the NASDAQ OMX Nordic, LSE, TSE & ASX. I couldn't tell you any one stock that is good because my api doesn't incorporate news or pay any regard to what sector it is in. It begins scanning the all equities above a certain share price and average volume right before the market closes whereby it predicts which stocks will be good to buy tomorrow based upon what the close will most likely be for that day. It is that reason why my trades are executed near the end.

To answer your second question, I sometimes hold it overnight it doesn't sell before the after hours market closes. My computer places a MOC or just before and sometimes it even sells before the close or during the after market.

I also tend to avoid stocks that pay dividends because they are too problematic as far as daytrading is concerned.

I like these for long-term

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thanks.im dubious about overnight holding lol-but best of luck

itspossible said:

thanks.im dubious about overnight holding lol-but best of luck

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Just out of curiosity, why would you worry about overnight holdings? Do you trade equities internationally?