Hi, I want to know what are effective trading Strategies for Swing Trading. Should we concentrate on Few Stocks. I have seen many traders suggesting to keep away from market First half hour. What abt last half hour. Thanks
From an index (S&P/Nasdaq/Dow) perspective, classic wisdom says the average day goes like this: 9:30 to 10:00 am - trading range 10:00 to Noon - higher volume part of the day - counter trends Noon to 1:00 pm - lowvolume..naptime 1:00 pm to 4:00 pm - more of a trend, but lower volume lately the last hour has got the better trend Bonds close earlier and make a little hiccup in the afternoon. Caveats: 1)The times are approximate. 2)Every day is unique. A good trend day, such as 3/25/04, does not look anything like the average day. 3)It is up to you to determine if this 'Classic Wisdom' has any truth to it. So, staying away from any particular part depends on your own trading style. We all find our own niche and trade there.