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Old 02-06-2008, 07:17 PM   #1
wallstreetsedge
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Default Timing Peak Trading

i've been noticing this a lot

but just started using this to my advantage only recenetly... has anyone else noticed that the best time to buy/sell or uncover the most obvious indicators are normally at 10:15, 1:15, and 3:50?
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Old 02-06-2008, 07:23 PM   #2
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Default Re: Timing Peak Trading

Quote:
Originally Posted by wallstreetsedge View Post
i've been noticing this a lot

but just started using this to my advantage only recenetly... has anyone else noticed that the best time to buy/sell or uncover the most obvious indicators are normally at 10:15, 1:15, and 3:50?
There has long been a saying among traders that you sell at the open, and buy at the close, which could result in the indicators settling into reliability at the 10:15 and 3:50 times. And in the heyday of the floor traders, lunch ended at 1pm so again the indicators may get reliable around that time.
Just a guess. But I sell the open and buy the close, generally.
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Old 02-07-2008, 08:01 PM   #3
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Default Re: Timing Peak Trading

yeah im normally the same... but the majority of my buys normally take place at about 12 when traders go to lunch but mostly around 1:15, i rarely hold anything going into another day unless the indicators havent changed...

like AAPL for example, the indicators i use caused me to love it yesterday at the close. i bought in all day and still am holding because nothing changed throughout the day

however on something like DECK, the indicators changed drastically around 10:15 which was my reason to sell but they improved and became bullish again by 1:15 - too bad i sold out of half my options
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