Online Stock Trading Mid-Day Trading

In my last post, I bought some gold stocks. I’ve also traded other stocks today, but I’d like to point out something about mid-day trading. After the first hour and a half, you start to get into the time of day when trading action, and market patterns sometimes aren’t reliable, or too be believed. Mid-day trading antics is a good description. The XAU action in the 5-min chart is an example. I’m not really paying attention to this ugly drop here mid-day. What matters is how trading evolves during the last hour and 45 minutes.

online-trading-action-050107.jpg

I’ll borrow 🙂 Michelle B’s description of market action during specific times of the day for emphasis here;

‘1) 9:30 AM ET to 10:45 is a time of high volume, where usually a trend happens after a breakout in the opening range or consolidation.
2) 10:45 AM ET to Noon ET is when, following whatever trend that happened after the open, price will often consolidate during this time period on low to moderate volume.
3) Noon to 1:30 PM ET is when slow and steady trend continuing or reversals can happen on low to moderate volume.
4) 1:30 PM ET is when abrupt and pronounced continuation of trending or reversal on high volume can happen.
5) 2 PM ET (better known as POT) is also when abrupt and pronounced continuation of trending or reversal on high volume can happen.
6) 3 PM ET is yet again a possible time for either a high-volumed, abrupt, and pronounced continuation of trending or reversal happening.
7) 3:30 PM ET, yup, you guessed it, this particularly tricky time can trigger a very abrupt trend continuation or reversal on high volume.’

This mid-day antics trading can be emotionally nervewracking if you’re staring at your screen constantly. A snippet of Maoxians dummy trading advice is a prudent way to avoid getting emotionally involved. Maoxian often advises you stop trading after entering a stock or at lunch time. Heck, get a bite to eat, or do some exercise even. Remember, I’m not talking about a total disregard for stops here. You must follow those, but know what time of day is the best trading for you.

next day edit… see the result

One thought on “Online Stock Trading Mid-Day Trading”

Leave a Reply

Your email address will not be published. Required fields are marked *