I am not trade on stocks, but in forex, also often hear some trader that no trade on monday and friday, they have reason if on monday the trend still not yet figure out clearly, and often movement on narrow although not always like it, and on friday, some trader also stay away from the market because they have reason on last week many trader closed position might avoid overnight swap fee and often market being very dynamic and unpredicatble easily
I did ....but I asked the question poorly and I did not get results I was looking for. But some could easily say that asking that same question on a chat forum for stocks is research too. Thanks
Yeah, I guess there may be historical trends but it's hard to rely on any metric with earnings results, political impacts and news that travels instantly.
Thanks , that is what I was looking for ....and after I typed in the headline your chart provided, I found something similar.... the tendency for Tuesday's to trade up and the tendency of the beginning of the month to trade up. Tuesday, May 1 delivered in a big way as the S&P 500 soared as high as 1.2% before closing with a much smaller gain of 0.6%. It turns out that the Tuesday anomaly was not just special to 2011, it has been special since at least 1950. http://seekingalpha.com/article/564...k-and-the-changing-nature-of-trading-tuesdays
Bingo. A lot of it has to do with confidence in yourself and sticking to the plan. I don't bother talking to people I know about the stock market because some people consider it gambling and some stick to mutual funds. That is why I come here. But, if you want to make money you have to take risks. Check out the Forbes 400....most of them made their money from owning their own business, the stock market or real estate. Some inherited their money but they normally lose it after a generation or two. I believed in smart money once. I don't think it exists. At least in the traditional sense. I thought mutual fund managers knew everything and they were stock market gods. But last year 66% of mutual fund managers failed to keep up with the SandP 500. They know as much or as little as I do. It's just that they have an MBA from an IVY League university and I don't. Don't get me started with college professors. Mine were smart and socially outgoing but most professors just memorize facts, read from a book and spit the information back to you. Most would fail or only be marginally successful in the real world. When people talk about smart money I think they cherry pick people that did something right one time and they put them on a pedestal and think they do the right thing every time. ...Jesse Livermore made $100MN the day the stock market crashed in 1929. But he still declared bankruptcy a few years later.....for a total of 3X. Peter Schiff said the market would crash in 2008 but he has been repeating the same line for 8 years and it goes higher every year...buy gold ! There are some sound investment principals to follow. But I don' think that because someone works at GS they are more gifted than I am. I think they have more access to inside information. But don't get me wrong...I'm still looking for an edge or an opportunity someone may have missed. I think there are more 'smart money' people on this forum than there is on the evening news. I have learned a lot from the posters here.
Sorry, it was one of my ex-professors who published a journal on that... http://www.emergingmarketsillustrated.com/wp-content/uploads/2013/04/HalloweenIndicator.pdf
Holy cow....that was detailed....did you read it? Based on the statistics, the cliche' is correct. The best months to make money (historically) are November, December and January. Making money means...the stock market rises. But, I would not bet on that happening this year with the volatile election. Among their suggestions for the decline in the summer was that people went on vacation and spent money that could have been used in the stock market ...or they otherwise temporarily lose interest. Then, they suggested that farmers borrow money and pay interest during the summer and repay it in the fall when the harvest comes in. Those are two factors I can honestly say I never considered.
I am read so many trader also discuss for day president election on us, whether this day also giving impact because this also as big rumor I think and many speculator might also will pay attention with this event
The Halloween effect is upon us - the elections from a historical perspective have little bearing other than the pre election rally which we already had and the 2nd year after election trend reversals. For those that don't know - the historical returns from Nov - April are very strong. Many of us old timers are very tuned in to this time of year - this is often when bull markets go into velocity breakouts - the last wave of a bull market is spectacular - not sure if this QE bloated market qualifies but you never know?
Yeah, this election is unique with all the rumors and illegal activities that have been uncovered. The election is 8 days away but anything can happen. It will be interesting to see what Wikileaks has for us tomorrow.