Hello, What are the advantages and disadvantages of beginning a trading day at 9:30 AM vs. 10:00 AM for TF or YM Thanks
You should begin trading when you're getting valid trade signals and obvious when you're able to trade. Thus, if your backtesting results reveals you're more profitable starting your trading day @ 0930am est versus starting your trading day @ 1000am est...doesn't make sense to start your day after 1000am est. Yet, don't let your backtest results be the only determining factor. Also, look at your real-trading results. Thus, if your backtest results say 0930am est is the best time to start your day but you have not been following your trading plan when you start @ 0930am est or you make too many trading mistakes...you need to stay on the sidelines and start your trading day @ 1000am est until you can fix the real-trading problems @ 0930am est. My point, you're question is really only answer by YOUR trading plan and not answered by someone else that's not using the same trading plan as you.
There are behavioral regularities at the open, gaps, early morning... as well as overnight. Worth your while to learn them.