[DLADLER]

I generally put more weight on how the week takes shape starting from the first couple of hours on Monday morning.

In other words, I'm far more interested in finding patterns in how the week evolves in terms of performance and P/L than I am in making broad assumptions that certain days are simply "not good to trade".

IMO being conscious of what "tends" to happen (statistically speaking) with respect to your personal performance when for instance you get a bad start to the day (or week) is much more significant.

What if you could discover for instance that out of the past 3 months, 10 of the 12 weeks that you had bad mondays, your tuesdays were also bad? That to me would be a powerful discovery.

[The Bear]

Originally Posted by Bfbusa »

Why is it so difficult to trade Mondays and Fridays.

If you stay away, tell us why.

If you trade, do you trade differently than on Tuesday, Wednesday and Thursday? Tell us your thoughts.

I don't stay away, I've been in big moves on fridays and even bigger moves on Mondays.

[TheBramble]

notouch does touch (arf!) on the statistical basis for discounting any bias toward a specific line of action based on a day of the week, week of the year etc.

However...

In a bull trend, a Monday 'normally' opens strong carries on into into Tuesday morning with a weakening and/or decline setting in Tuesday afternoon through Wednesday. By Thursday we're back into an advance with a close at the high of the week on Friday. 'Normally' being the operative word, not every week in every bull market.

Reverse all of the above for a bear trend.

There are also monthly shenanigans on the Monday after the week of the options expiration. But that's a little more detailed and quite another topic.

Does anyone else use Jenkins' stuff here?

[james_gsx]

I believe it's good to take a day off during the week, it keeps my mind fresh. Before each week I decide what day I will take off and on that day I do something productive like take on a big project with my car. I do something that will keep me busy all day and I stay away from the markets.

Fridays have always been my favorite day to trade, not sure why. Ever since I was a little kid watching the markets I would always look forward to Friday to see what the market would do. It has nothing to do with returns or anything like it, it's some kind of psychological thing for me. But to each their own.

[TinGull]

Originally Posted by james_gsx »

Before each week I decide what day I will take off and on that day I do something productive like take on a big project with my car.

Got any pics of your gsx? I used to build and had a few MR2's...85, 87 and my precious 91 hardtop.

Anyhow...back to the thread