No. Plan to close out the position and go long overnite a/h. We're still inside of a trading range. I try to hold overnight only when there is a trend change behavior. Edit: overnite MR position depends on my a/h analysis.
T day theory is based on the premise that most mutual fund managers take Monday and Friday off, and most of their buying kicks in on Tuesday and Thursday, thus driving the markets up.
Ripley T day theory is based on the premise that most mutual fund managers take Monday and Friday off, and most of their buying kicks in on Tuesday and Thursday, thus driving the markets up. ________________________________________________ Thanks for your response.
Will help an intraday trader from holding onto a short at 10:30am on a T-day after that initial weakness.
Closed out 1/2 position at 10939. -5 Probabilities of a pullback are in my favor. Will hold the other 1/2. Hard Stop moved to 10945.
Ripley, Why should an intraday trader hold on to a short {sell} when the market turned up at 10:30 or any other time............what does time have to do with it? or a buy when down..??? How would the T day help someone who doesn't go where the price does........ .....just searching for answers......thanks a lot...........Pin.....Merry Christ mas to you my friend.......overnight trading is position trading....the 2 don't compare.........one is high risk, other is low.......one u sleep well, the other nightmares..........so i have heard........i trade pork bellies so i don't really know............ ...happy trading....