Why Mid Day Trading Sucks Big Time
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- Опубликовано: 30 июл 2024
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There are a lot of key times throughout the trading day every trader must know. Some are great to hone in on and some you’d be smart to avoid. As a time-based trader, Tim Bohen goes in depth in this video to explain why you should avoid trading at certain times.
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Tune into the video for a chart example on Fuel Tech Inc (NASDAQ: FTEK). This chart shows a pattern you’ll see over and over again.
Many new traders don’t realize there are distinct delineations of different parts of the trading day.
Premarket is 4 a.m. to 8 a.m. Eastern. At 8 a.m. is what we call the shakeout … This is where you’ll start to see a ton of press releases. It’s when momentum starts to build. Then, 8 a.m. to 9:45 a.m. is the open.
(Don’t worry, we know that 9:30 a.m. Eastern is the actual time of the market open.)
Now, 9:45 a.m. to 11 a.m. is the golden hour. This is where you should make the majority of your day trades. Then things die down until about 2 p.m.
So what about that midday window - from 11 to 2?
You’ll probably want to avoid trading in this time frame. There’s not a ton of action in these three hours. Tune into the video to see the U-shaped price and volume here and learn why this lull happens.
The biggest thing you need to know about this time of day is that these midday moves fail at a much higher rate. Not all midday moves fail, but they still have lower odds.
Taking a chance on these moves can really screw with your mentality. Do everything you can to keep your mindset right and focus on the best setups and the best opportunities for you.
With three extra hours to spare, what should you do? Well, the work is never done. Catch the video for some important recommendations.
#StockMarket #MiddayTrading #Trading
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*Tim Bohen teaches skills others have used to make money. Most who receive free or paid content will make little or no money because they will not apply the skills being taught. Any results displayed may be exceptional. We do not guarantee any outcome regarding your earnings or income as the factors that impact such results are numerous and uncontrollable.
You can lose money trading stocks. Do not invest money you cannot afford to lose. You understand and agree you will consider the important risk factors in deciding to purchase any of our products or services.
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Drop me a comment below and let me know what you think about midday trading!
Totally agree, when I take a bad loss my trades will usually suffer for a day or two. Can’t tell you how many times I’ve chased a midday spike because of FOMO and gotten burned.
I agree with this. Personally experienced this many hundreds of times
Another awesome videos with so many good info, thanks Tim!!
Thanks for these videos!
Thanks for this video Tim!
Thanks bro. I always enjoy your videos.
Thanks for this info. Very useful.
Thanks Tim for that great and vital information. You’re awesome as always!
Loveeee this one!!! Thanks Tim
Great information ,Tim. I’m glad you shared this vital knowledge with us. You’re such an awesome and dedicated mentor.
Thank you Tim!!!
Excellent!
I totally agree. Good plan
Loved the video Tim!!!! Very well put. All of this is added knowledge for the future!!! Thank you guys man!!! #STT
Thank you Tim. I really appreciate your genuine efforts to help the novice
Always spot on Tim !
I think this why I get stressed out. I'll Focus 9.45 to 11 am and 2 to 3 pm (cst). Thx @tbohen
Got caught in a bad couple of fake outs mid-day, learned my lesson. Loved the Video lesson!!
Great educational video. I usually buy in around a 11. Is when price drops. Depending on percentage
Like Tim S always says it's a marathon. So many variables. I'm self employed and afternoon is my times, I usually stop after the first hour, (Calif.) finding momentum the first hour and half is more like scalping for me. Its easy to find the big pre -market gainers but it seems like the tickers tend to get over extended and I miss that open move to watch the price action and then it pulls back. I need to study more on the tickers that have a good close. I tend to have a slight better result currently on NASDAQ type swing trades. Still trying to find my way.
Dude! That totally explains a lot. [This past 2 weeks] I've been totally finding the winners but getting in and out at all the wrong times.
Thanks Tim!! Very valuable information!✌🏻
Thanks for watching! 🔥
Thanks Tim good video and so true! I've been chopped up mid day so many times. Since I have the time to be at the screens all day I thought I had to be making trades because I saw some "gurus" doing it and I just ended up losing. The stats don't lie! These so called gurus are trading for other people's entertainment and who knows how large their accounts are. I find if I give myself a written plan for the day of things to do during lull time I avoid the mid day chop. It's only when I'm "bored with nothing to do" I lose. There IS ALWAYS something else to do like you said. We don't get paid to hit buttons and make trades, we get paid to take advantage of good opportunities. Make a plan for the day of things to do during lull time and the results will show themselves. I use Andy Frisellas "power list" strategy.
Awesome advice Tim. Wish I would’ve done this the last week, would have not given my profits back if I would have just stopped trading at 11am 🙄
Ive experienced the same ... Don’t over trade .. take your green , get out , compose & watch afternoon set ups or don’t ...Stay green
You ROCK Bro
Thanks. Good videos.
Thanks for watching!
Thanks for sharing i am a new at day trader and man up to get me feet wet and looking forward to trying your strategies out this next week coming up thanks for sharing
Thx Tim … newbie but learning a lot from you..
Study haaard!
best of luck to those who put in the work!
I hate midday trading 95% of the time. The setup has to be good. Lesson learned a millions times
I heard that midday was when most traders go to lunch. I will be looking for these 2 o'clock spikes and most importantly when there is a dip at the 8-9:45 open when it will come in with volume in the afternoon. I'm still learning.
Highly recommend watching, it definitely makes a lot of sense to break up the day that way. Very helpful tips!
Glad it was helpful!
I noticed this too. For me I like pre market 4am-5am and 6:30-8:00am (pst) and call it a day after that.
Mid day kills me, I have to watch videos or I get caught up boredom trading and giving money away. Thanks boss for explaining what I already know but have trouble applying. Still working on my trading discipline
STT King Thx
Thanks Tim! Really trying to get disciplined with staying away from midday trading. Like you and Dux say, the winning % of a stock's performance is drastically reduced around that time of the day [so why bother trading low odds if high odds is what leads to consistent profits?].
Appreciate the video and the knowledge man! My question is can you put in for a trade (for example: buy 1000 shares of stock ABC) on a weekend like say a Saturday or a Sunday like today?? And if so how does that work or differ from the Monday through Friday regular market open/close?? Will it execute or do I have to wait until premarket Monday??
Festool is awsome! I cant wait to upgrade my drills from Dewalt to Hilti! Big boy tools
Thanks Tim
Always informative
Trying to gain confidence day trading and this video helped.
🙌🙌
I can't tell you how many times I was up $1k or more by 1030am and then gave it all back in the chop. And then been frustrated and wound up red on the day trying to get it back. It's very easy to get addicted to being in live trading when in reality most of my time should be on research and much less time in an active trade.
Exactly what happened to me, that's why I had to look this up...I was like why tsla stop rallying, then realized it was lunch time lol
@@rubberbandman3rd yeah it can be rough!
Good Morning Bud ! i totally concur with you ... I would earn a bunch of money in the morning and give it all back and even loose in the choppy waters between 12:00 & 2:00 ... Friday was a good example , made $23,000.00 on the breakout of Luminar Technology..Got out @ approximately 11:30 & reentered the position Short after its high ... Made another $7000.00 till i got squeezed out @ about 2:30 as volume increased ..But i firmly believe you can over trade & i have found generally it’s between those hours of 11:30 to 2:00 ...Id like to also tell you i have learned a enormous amount of valuable info from you ..I appreciate it all & watch everything you put out gaining more of a edge on every watched session ...My name is Skipper & again appreciate your mentor ship ... I’m a certified Arborist ..Ive owned my business for 45 years & also buy top of the line tools & equipment ... The right tool for the right job.. this brings me to the question of getting the right scanners & gapers ... I’m currently under Charles Schwab but am going to Stocks to Trade ...I’m somewhat uniformed on what would be a good main frame computer to buy as i’m trading on just a Ipad & Iphone ... I need Lightspeed , real time prices & accurate action ..Any input that might help me ???
Im new so take this with a grain of salt but I notice some stocks fly upwards and downwards all day long, and then some have only one to three moves throughout the day.
If you pick the right kind of stock, mid day seems feasible, but man are those ones nerve racking to play. they may carry a higher risk than is worth it.
VWAP hold HOD is my favorite pattern!
💯
Hi Tim, how do you know when its worth holding a stock into after hours for that spike as I've noticed it a bit lately but I always exit my position before 4pm
Spikes towards the close, breaks intraday highs or past highs, high ass volume, and recent news or some legit news in that day. Those are good indicators to keep in mind when it’s going into the close. There’s risk involved every time you decide to swing trade, but your odds are better when you have multiple indicators like the ones I mentioned which can influence whether or not the stock opens sexy the next morning
No trader trades mid-day
Literally everything you talked about here on NOT to do I did Friday with RYCEY. I’m still up on it. but that 11-2 window you talked about was exactly when I played the “coulda, woulda, shoulda” game. I bailed out of my plan and then hated myself because if I had stuck to it I woulda made about $1500 on the day instead of $200. Still a win so I’m trying to stay positive about it. Thank you for the video, I’m going to watch a few more videos and probably look into paying for your service.
Man that was exactly me with tsla last Friday even to the point of making 1.5k if I stayed in, but unlike you I sold at a loss, I was down 700 at one point then took a 500 loss
My last three big losses during that time of day. It's true.
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Mid day trading will make you hate trading
I'll tell my mid-day setup but only if you pay me 1000 dollars a month in subscriptions :)