End-of-day trading is widely used by non-professional traders, who have day jobs or other time constraints. The concept of it is simple: the more time spent on the markets doesn’t equal more profits. By focusing all your energy on a smaller timeframe, you wouldn’t have to spend all day watching the markets.
Another benefit is that you’ll have the whole days’ worth of trading data to use to make decisions and evaluate.
End of day orders can be advantageous for a buyer because they do not have to continue following the order’s progress after the trading day has closed. Most market orders are typically placed immediately and therefore not a concern for end of day order cutoffs. End of day orders that are not executed for any…
Trading power hour stocks may not have the volatility that the open has. However, no matter what time of day you trade, you need to play the setups. Support and resistance trading is still just as important with end of day trading as in the morning. Look for patterns as well as moving average crossovers. The…
Generally, investors have two-time frames they can choose from for the execution of their trade order. End of day orders offer a specified time frame and must be filled by the end of the trading day. Good ‘til canceled orders remain open indefinitely unless canceled by the investor. Both of these orders offer the full…
End-of-day trading stocks have the most volume and the best setups the hour before close. The stock market slows after the first hour and a half of trading. Traders take a lunch and leave the trading to computers. The volume goes way down at that time. You need to understand what volume means in stocks to understand…
When Larry Williams traded the S&P 500 futures in the 1987 championship, he used what he described as a “dumb setup.” It wasn’t the actual trading setup that made money, it was his use of a highly risky “Optimal F” money management strategy developed by risk manager Ralph Vince. We won’t get into the details…
For some, end-of-day trading involves opening positions in the hour or so before the market closes to take advantage of other market participants shutting their positions or adjusting them ready for the impending downtime. Regardless of the fact the market is going to close, the strategy for trading is much the same. You should be…
