When Is The Best Time To Trade?
May 10, 2019
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6:59Now PlayingWhen Is The Best Time To Trade?
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as posted by the channelWhat's the best time of day to trade? A lot of traders focus on the market open when there's so much action, but the afternoon can offer more disciplined opportunities. Watch to learn how you can take advantage of these afternoon hours.
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FULL DESCRIPTION
Today, we're talking about something that too many new traders don't consider. What time of day is better for their style of trading? A stock can be very different in the morning versus the afternoon.
So what time of day you trade is very important.
A lot of aspiring traders tend to focus on the market open — there’s just so much action. But there can also be a lot of random moves at that time. It’s great to watch the open, track your tickers, make your plans, and focus on your course of action for the day.
But if you want consistency, I think it’s better to let things shake out and look for moves in the afternoon. The market open can bring a flurry of opportunity, but you can also lose a lot of money fast.
You have to be super prepared.
If you struggle with discipline, slower is better. Because when you get those crazy volatile moves, you can end up like a deer in headlights. You start to panic, and that’s just a gateway to making a slew of bad decisions. Don’t panic. And don’t put yourself in stressful situations that can lead to panic.
Remember, sometimes the best trade is NO trade. It's not an exact science. There are so many different angles in this niche. Try everything and track it all. Find what works for you.
What time of day do you prefer to trade? How many different strategies have you tried and what’s your fave? Drop a comment below and let me know!
#TimothySykes #Pennystocks #Investing
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