Best day to tade

[Attila the trader]

is there a preferred day in a week to trade stocks

 

[new_trader]

is there a preferred day in a week to trade stocks

No. The question makes no sense anyway. How would the market function if buyers preferred to trade Monday while sellers preferred Wednesday?

 

[Attila the trader]

No. The question makes no sense anyway. How would the market function if buyers preferred to trade Monday while sellers preferred Wednesday?

i don't know in new but i read about Monday effect and stocks trading higher on Friday

 

[xjtorerox]

I prefer not to open positions on Friday.

 

[Attila the trader]

I prefer not to open positions on Friday.

why is that

 

[xjtorerox]

why is that

Because is too volatile. If positions closes in an unconfortable place (very likely to do that) uncertainty will be in your head the whole weekend, because you dont know how the markets will open at Monday.

The best thing you can do is to avoid situations where emotions will overrule your criteria.

 

[Attila the trader]

Because is too volatile. If positions closes in an unconfortable place (very likely to do that) uncertainty will be in your head the whole weekend, because you dont know how the markets will open at Monday.

The best thing you can do is to avoid situations where emotions will overrule your criteria.

what if you hold a swing position over the weekend

 

[xjtorerox]

what if you hold a swing position over the weekend

How can you be sure that monday won't start with a gap against you?

 

[Attila the trader]

How can you be sure that monday won't start with a gap against you?

dose not matter that risk is embedded in the strategy if there is something like an earnings report or fundamental change i wont not hold and a sl is also present