When I started daytrading part-time, I had asked Linda Raschke the following question:
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Are there more/better trading opportunities in the S&P in the morning session (9:30am to 1pm), in the afternoon session (1pm to 4:15pm), or is it about the same? I am working on setting up my work schedule for my other job based on this information. I will also only be able to trade a half day for 3 days out of the week. Any insight as to which 3 days would be best? |
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Here is Linda Rashke's response:
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Definitely the best day-trading opportunity comes in the morning session - this is when you will get the most countertrend type of movement (swings in both directions). Also, morning reversals are more common then afternoon reversals as well. The great majority of daytraders tend to make most of their money in the morning session. Monday and Fridays are the lightest volume days of the week - so if I had to choose just three days to trade, it would be Tues, - Thursday. Next choice would be Monday - Wednesday. |
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I chose to trade the morning sessions on Tues, Wed, and Thurs. From empirical observation, I would agree with her response.