Days to Stay Away!!

[cd173]

Morning All

Due to the US Bond market being closed yesterday, I found the DAX particularly difficult in the afternoon session for my particular strategy. The morning was fine, but the afternoon horrendous Should have stayed away!
I find that on US holidays it is the same. However, aside from the obvious, are there particular days or times of the year when it's best not to play for a particular market??
Is the oncoming US election reason for a holiday, or maybe around the Xmas/New Year break??
If so, interested to know the reasons why??

Cheers
C

 

[sidinuk]

I think you answered that when you said the session wasn't right for your particular strategy. Different strategies work in different conditions - someone else might have loved it.

No single strategy will work all the time, so it makes sense to develop a few different ideas which can be traded across different timeframes and instruments. Diversification will substantially reduce drawdowns.

 

[cd173]

Hi Sidinuk

Totally agree with your point to strategy success. However, imho, there are (or must be!) days when markets must be incredibly difficult to turn a profit. The DAX on a US holiday is fine in the morning for me, but come afternoon it's flat, if not dead, with very little range. I would think that only the most seasoned and knowledgeable trader could make money in that environment!

Unfortunately for me, I am not one of them!!

 

[StockCoach]

Morning All

Due to the US Bond market being closed yesterday, I found the DAX particularly difficult in the afternoon session for my particular strategy. The morning was fine, but the afternoon horrendous Should have stayed away!
I find that on US holidays it is the same. However, aside from the obvious, are there particular days or times of the year when it's best not to play for a particular market??
Is the oncoming US election reason for a holiday, or maybe around the Xmas/New Year break??
If so, interested to know the reasons why??

Cheers
C

I think you will find that traders HATE uncertainty. Any time there is uncertainty in the markets, you are going to want to sit out, no matter the timeframe.