10 o clock rule

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Active member
248 1
Does everybody follow the rule of not trading before 10am??

Usually sound but messed up today with AIH.

Volume spiked yesterday @ 600% avg vol with good institutional buys. Could have bought first thing at 185 and gained 10% within minutes.


I guess rules are rules



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ChartMan

Legendary member
5,580 46
My understanding of that is that it specifically relates to spreads- ie they are a mile wide to start the day off with a good lining to the pockets of the MM's. If the spreads are normal, I see no reason not to buy at 8am.....
 

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Active member
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Martin

I find that the first hour is best avoided primarily to establish a truer market trend and the poxy MM's uneccessary gap ups and downs.

I sometimes think these people worry themselves to death that some private investor might just nick a point or two when buying 1000 shares at 20p (close) instead of 22p gapped up.

B******s


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