Is it just me or does 85% of the action happen in the first hour of the trading day? It seems either there is a morning spike or a morning panic and then the action just overall levels out. Kinda thinking its not a silly strategy to go this way but would love to hear your opinions. I have been paper trading this for a couple days and it has worked great so far.
Now for me at least, paper trading is sooooo much different than when trading with my real money. I need to figure out how to separate that, but thats a whole other post....
Here is a quote from an article I read the other day: "Thomson Reuters did a study and have concluded that 58% of all volume on the NYSE occurs during the first and last hour of trading. Of course the bulk of that trading is in the first hour. So, while one hour may only make up ~15% of the trading day, it is probably accounting for 35 to 40 percent of all the trades on average."
interesting
Dang. Seems somewhat maybe even mostly consistent that there's some bounce either way. I have a limited experience so I guess I really do have to keep watching. Paper trading is soooooo much easier than real trading ugh
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