moonchild
VIP Contributor
When it comes to to trading, there are a lot sentiments out there about the right time to get into the market and trade, lol some gurus will even tell you the best weather to trade in, this article is going to educate you on whether time has any consequences on your trading.
First of all, trading is not rocket science and the concept of time is not applicable to it, the market just moves randomly, it doesn't care whether it is 7pm or 10am, so all of the best time to trade guides are basically false, I've made money in the afternoon, morning and night and I never have to check my time and see if it aligns or stuffs.
The only thing that matters is the price, that is what will determine whether you should get in a trade or you should get ready to get out.
But as a day trader, it is important to have time journal, that is the time you're available to trade, let's say you are free from 9am to 2pm you can make that your trading time, so basically what you will do is, stay up around that stipulated time and look for opportunities and when you didn't see one, close the chart and come
First of all, trading is not rocket science and the concept of time is not applicable to it, the market just moves randomly, it doesn't care whether it is 7pm or 10am, so all of the best time to trade guides are basically false, I've made money in the afternoon, morning and night and I never have to check my time and see if it aligns or stuffs.
The only thing that matters is the price, that is what will determine whether you should get in a trade or you should get ready to get out.
But as a day trader, it is important to have time journal, that is the time you're available to trade, let's say you are free from 9am to 2pm you can make that your trading time, so basically what you will do is, stay up around that stipulated time and look for opportunities and when you didn't see one, close the chart and come