As a professional trader, I like to trade the market open predominately as there’s the most volume and therefore the most opportunity.
However as we head into the close, at certain times there can be some nice easy trades.
Sometimes larger traders have to close out positions and this can give us a chance for some quick ticks if you’re ready.
This was the market headed into a long wend. This kind of thing is also good at the end of the month, end of the quarter etc, when there is more urgency for larger traders to exit their positions.
Today in the final 30 minutes there was buying starting to come in at 5516.
We had time to get set and the buying ran right up to 21 before it slowed giving us an exit.
The market fell away and the buying came back at 5518 and ran up to 5523 where is stayed for a while giving us another nice trade.
Overall 10 ticks headed into the close, just for waiting around all day.
Not too bad
Good Trading
Leave a Reply