Preferred days in the week for day traders

Discussion in 'Trading' started by TheMordy, Apr 24, 2023.

  1. TheMordy

    TheMordy

    I'm day trading, mainly the daily top gainers and top looser (fitting my strategy).

    Are there specific preferred days, where price moves more significantly during the session ?

    Looks to me like Friday is a great day for day traders, had recently a few stocks which moved 10-60% after open on Friday.

    Basically, are there more and less volatile trading sessions (end of the week, beginning)?

    .
     
    comagnum likes this.
  2. tomkat22

    tomkat22

    I wouldn't think it would be fridays,very few earnings reports are released on fridays. Often times monday mornings can be quite volatile even though few ERs come out then.
     
  3. GotherL

    GotherL

    You've seen one good Friday. It don't mean every friday is gonna be like that.
     
  4. KCalhoun

    KCalhoun

    Tu,-thur best, Monday worst, Friday coinflip
     
  5. M.W.

    M.W.

    I only trade on Saturdays. The rest of the week I lie on my beach chair. Nothing is easier than trading and investing. Watch a few YouTube clips and the money is coming in.

     
    trismes likes this.
  6. Bad_Badness

    Bad_Badness

    This is an optimization that is not worth pursing.
     
  7. maxinger

    maxinger

    I day trade futures.

    I have no preferred day;
    A good day usually comes out of nowhere.
     
    legionx and Bad_Badness like this.
  8. Sekiyo

    Sekiyo

    Best Time(s) of Day, Week, and Month to Trade Stocks

    [​IMG]

    Is There a General Rule for Timing Trades?
    The closest thing to a hard-and-fast rule is that the first hour and last hour of a trading day are the busiest, offering the most opportunities. But even so, many traders are profitable in the off-times as well.

    The Bottom Line
    These suggestions for the best time of day to trade stocks, the best day of the week to buy or sell stocks, and the best month to buy or sell stocks are generalizations, of course. Exceptions and anomalies abound, depending on news events and changing market conditions.

    ...

    Best days are Green of course.
     
    Last edited: Apr 24, 2023
    maxinger likes this.
  9. Hello TheMordy,

    The best time for me to trade is 8:30 am to 3pm, Monday thru Friday, non-stop. No breaks.


    Disclaimer: These are just my trading opinions. Please do not take what I say as truth because I can not prove anything I say makes a lot of money trading. Please trade per your own responsibility. I have been day trading manually for 4 years and my total profits is about -$11,500 so I am not a profitable day trader, yet. For 2023, I am down about -$3600. I am working on recovery day to day.
     
    legionx likes this.
  10. TheMordy

    TheMordy

    Could you please specify in what way you find these days are better ?
    less volatile, more consistent gains, better TA ?
     
    #10     Apr 25, 2023