I would like to ask the experienced traders

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SaulGoodman

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- I want to learn from experienced traders , whether you are trading on Monday and Friday ? I heard different opinions about it from acquaintances traders.

Another question.

- Do you not to leave the closed position for the weekend?
Lost certainly, stop loss and take profit exhibited .
 
I don't know that Monday and Friday are different but I have noticed recently that before and after the US opening does seem to make a difference.

Safer imho to close all positions come Friday night.
 
SaulGoodman said:
- I want to learn from experienced traders , whether you are trading on Monday and Friday ? I heard different opinions about it from acquaintances traders.

really depends on your trading style and Timeframes used S

Another question.

- Do you not to leave the closed position for the weekend?
Lost certainly, stop loss and take profit exhibited .
Click to expand...

again i'm sure some do if they are running wide stop losses on longer term trades

horses for courses

N
 
SaulGoodman said:
- I want to learn from experienced traders , whether you are trading on Monday and Friday ? I heard different opinions about it from acquaintances traders.
Click to expand...

I seem to do nearly 90% of my week's trading on Tuesdays, Wednesdays and Thursdays.

Friday afternoons aren't worthwhile at all, for me, and I don't like Monday mornings much, either.

I trade forex only and never leave positions open overnight.
 
I think the real answer to your question (first part) is it depends on the method you use and how often it produces trades. I have used methods before that, like alexaherself, only worked well Tuesday to Thursday. These days I trade Monday to Friday and only see a difference on days that have red news (I trade fx). What really underpins this is market conditions which can often be undecided.

As for your second question. I have 2 accounts that I use to trade. The first is my every day account and the other is for longer term trades. On the later I can hold positions open for weeks on occasion but more common is about a week and at least half of them is held over weekends. In this account I make sure I don't trade a currency that has false control mechanisms in place that could nail me over a weekend. I also don't trade currencies on this account that are correlated with commodities as they too can have unpredictable outcomes.
 
Thank you all for your answers . In general, I do thoughts from you and was expecting to hear. If there are other opinions , write, it will be interesting to hear.
 
It's generally a long road to trading success.
Good luck and hang in there -- you'll need it, before giving up.
 
I avoid to open new positions on Mondays but I keep positions open during the weekend if there is strong action in my direction.
 
As an Options only trader, I typically wont enter a new position on a Monday maybe more so out of my own indecisions about market direction and feel for the week ahead but I am happy to hold positions over the weekend and even several weeks at times depending on my strategy and trade idea.
 
I trade /ES. Fridays are typically always range days and not worth trading for me. I don't typically take a trade on Friday unless were breaking out of prior day's high or low.
 
I only enter when the market is giving me an opportunity, day of the week does not matter.
Also i never leave positions open over the weekend, not even over night.
 
I tend to find the best times to trade are Wednesday and Thursday, I find NFPR tend to make the market more jittery on Fridays as I mainly trade GBP/USD so that really affects my trades
 
When there is a trade, trade no matter what the day is.
.........as to stops.
We use scaling out, so half left 'in' overnight or over weekend.
 
SaulGoodman said:
- I want to learn from experienced traders , whether you are trading on Monday and Friday ? I heard different opinions about it from acquaintances traders.

Another question.

- Do you not to leave the closed position for the weekend?
Lost certainly, stop loss and take profit exhibited .
Click to expand...
1)Not trading specific days in general is okay if you are looking to do this part time or as a hobby.

2) I don't but that's a personal decision.
 
I Trade all day, every day.

As to Mondays ....very often my better day.
As to weekend positions............. if its 'juicy', its a Hold.
 
I trade FX and will trade everyday there is a set up..
I utilise a specific system that only looks at Thur Fri and Monday and trades to the new weekly pivot..

I will leave positions on over night and over the weekend EURAUD today on that big gap was a nice win :) but basically i look for my TP and if the trade is showing no reason to get out.. i let it play out..
Some of my trades are on the 4hr .. so i expect them to last for days potentially.

Opening a trade during thin liquidity is always an issue when it comes to spread.. but i just limit it to 5 pips.. if its more.. i dont take it..
 
SaulGoodman said:
- I want to learn from experienced traders , whether you are trading on Monday and Friday ? I heard different opinions about it from acquaintances traders.

Another question.

- Do you not to leave the closed position for the weekend?
Lost certainly, stop loss and take profit exhibited .
Click to expand...

it is best to trade when the low risk setups present themselves..whenever..day does not matter..if you are there when it happens then use the opportunity..never take a trade just for the sake of trading..wait for the best setup..be in on the 1 min or the daily chart..depends on your style and objectives

holding over weekend..again..depends on your style and objectives..it can go either way..if you don't want the risk..then close everything and open again when market reopens..but do not beat yourself up if market makes a big move and you miss out..as the market will always be moving..which is why waiting pays off in the longrun
 
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