Will you still love me at 9:50?

stillkicking

Member
71 17
I've talked about this before... but worth reiterating for all the new traders out there.

If you trade stocks on the American exchange there is a magic time you should know about and that is 9:50AM. It is at this point, give or take about 5 minutes, that most all stocks trading with more than their usual volume will have a turning point.

Stocks that looked like they were runners at the open may not look so great when 9:50 rolls around. It can be very hard not to jump on board with what appears to be a runner at the bell.... or pre-market... only to find it loses steam right at 9:50 and starts to either trade in a narrow range or sell off for the rest of the day.

If I'm smart and wait for the stock to settle at around 9:50 I, more often than not, am glad I did not buy earlier. From there I will wait for my favorite setup, discussed
here. I can take the trade calmly without the need to rush to get in.

Food for thought.
 
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