This is going to hurt more feelings than it should
| | Hey everybody,
It's Rob here.
And I just want to warn you that I'm going to say something right now that is really going to upset some people.
So hold on tight. Strap in. Buckle your seatbelts. Because here we go:
Mornings.
They're really important.
And if you want to be successful as a trader, I personally think you're going to have to learn to become a morning person.
Ugh.
I know. It hurt me to say it, too.
But the reality is that the markets move early in the morning, and then they don't move a ton after that sometimes.
Look at this hourly chart for the SPY in recent days. Where does the big movement happen? |
|
| | | Over and over again, the biggest candle is the first candle of the day.
Why is that?
Well it's a lot of factors.
Part of it is because folks just like me convince people that the morning is the best time to trade (sorry not sorry).
Most of it is that there's a lot of momentum in after-market and pre-market trading and that triggers first thing in the morning.
But the reality is, whatever way you look at it, if you're not up and trading pretty early, you're going to miss some of the biggest and some of the most predictable and actionable movement.
Now, that stinks to a lot of people.
Folks want an easy button and a snooze button.
And I get it. I don't claim to be the world's most fantastic morning person.
But mornings do have pancakes. So I'm okay with that part.
Still, the reality is that if you're a serious trader, you're going to have to spend some time trading in the early morning.
Maybe start with two or three days out of the week and work your way up.
And if you need a little help along the way, hey, I'd love to recommend some of my favorite affordable trades to you.
The reality is, trading needs to be a grind sometimes. So grind some coffee, get out of bed, and get to work!
Your accounts will probably thank you when your head hits the pillow at night.
Love the heck outta you,
Rob |
|
| | | Leveraged trading in foreign currency or off-exchange products on margin carries significant risk and may not be suitable for all investors. We advise you to carefully consider whether trading is appropriate for you based on your personal circumstances. You may lose more than you invest. We recommend that you seek independent advice and ensure you fully understand the risks involved before trading. The information on this website is intended as educational in nature and we do not recommend that you buy or sell any specific financial instrument. |
|
| | | | | Daily Profit Publishing , 1800 Hughes Landing Blvd. Ste. 200, The Woodlands, TX 77380, United States
|
|
|
|
|
No comments:
Post a Comment