Staying Out of the Market

Discussion in 'Risk Management' started by Discipline101, Jun 11, 2012.

  1. Mid-day is very difficult if you are trading equities (ie. 11am - 2pm ET). During this time it's typically just bots trading with other bots. And the bots are hungry at this time, so if you stick your toe in the water, they will try to game your order.

    During early morning or late afternoon, there is more institutional flow, which makes it easier to trade, as the bots are busy gaming the big boys.
     
    #11     Jul 12, 2012
  2. Brass

    Brass

    Whereas these "higher time frames" bypass all that silliness?
     
    #12     Jul 12, 2012
  3. Newex

    Newex

    Totally agree that you must refrain from trading especially at times you have a series of bad trades .

    Not only patience is requitred but also a clear mind . A series of losing trades will cloud your judgement .

    That doesnt mean that you wont monitor what the market ia doing . You just bench yourself to reevaluate your strategy and do some paper trading to regain confidence .

    Ps Wht is that OP everyone is talking about . I 1st thought it was open position but not sure now
     
    #13     Nov 8, 2012
  4. Not really, except maybe the week between Xmas and New years. And even then I usually always get at least 1 trade per day.

    Also, maybe the last week in August but that also depends on the year. Some years, August is fairly tradeable.

     
    #14     Nov 8, 2012
  5. Eddie Z

    Eddie Z

    Statying out of the market is a way to measure your level of "coupling" with the market. This is one of the ways to determine if you have created a trading dependency. Many traders do that, so they can see that they can let go. It is a way to balance yourself and separate trading from your daily life.
     
    #15     Nov 15, 2012