I trade stocks to make money,
I do not trade stocks to win an intellectual argument with the stock market.
I trade stocks to make money,
I do not trade stocks because I love the way the action/gambling makes my heart race and my body feel truly alive.
I trade stocks to make money,
I do not trade stocks because it helps get my mind off of the problems in my life.
I trade stocks to make money,
I do not trade stocks to impress my friends, family or significant other.
I trade stocks to make money,
I do not trade stocks to become a famous celebrity, and appear on financial news networks or in any other media.
I trade stocks to make money,
I do not trade stocks when I am drunk, high, tired, hungover, hungry, or ill.
I trade stocks to make money,
I do not trade stocks out of boredom, and when I think it would be something fun to do.
I trade stocks to make money,
I do not trade stocks when I am feeling particularly emotional or on edge.
I trade stocks to make money,
I do not trade stocks within the first thirty minutes after the opening bell.
I trade stocks to make money,
I do not trade stocks to boost my self-esteem and overall self worth in life.
I trade stocks to make money,
I do not trade stocks to prove other traders that I know are wrong about a certain thesis.
I trade stocks to make money,
I do not trade stocks because I feel an emotional attachment, or indeed any emotion at all towards any one individual issue, ETF, commodity, currency, or option.
I trade stocks to make money,
I do not trade stocks when I have no discernible edge, that I cannot objectively articulate with clarity.
I trade stocks to make money, and that is enough for me.
+100, but -if you care to share it- what’s your own particular rationale for excluding the first 30 minutes of trading?
The first 30 minutes are like the wild west out of trading, filled with whipsaws as daytraders try to set the tone for the trading session. Volumes are usually thin across the aboard, and all kinds of fuckery is taking place as far as the futures and after hours/ pre-market market orders are concerned.
It is best to step aside until 10 a.m. or so, in my view.
Thanks for reading.
I had heard that about the first 30 minutes, but never knew why. Now I know .
Thanks!
Completely agree on the first 30 minutes — lots of false moves that can really screw you up. Except, of course, those few times when the market moves one way and never looks back, and you wonder “why did I not get involve?”
The first hour of trading is affectionately know as “amateur hour” by some professional traders.
We should rename the last hour as the “computer hour”
A pleasure, sir – indeud.
So let me see if I understand what you’re saying here ….
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…
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Nope. Just not seeing a common thread.
😉
(In all seriousness, this should be a motivational poster.)
Thanks tx
Indeud!
Everyone should print that out and post it on their monitor…
Printed and going in my notebook
Thanks
I make jokes to keep my sanity in an insane world. Like em?
Always, Rand.
Printed as well… Solid!
Po Pimp
I think we DO know people with CDS of Latvia, Hungary, Austria etc: they are France, Germany< England etc. These European countries incestuously purchase each others debt. If Latvia alone falls into the ocean i don't care. If Fr, Eng or Germany default we are on the road to oblivion i.e. fiat melt down IMHO.
Also, if the IMF is bailing out the clubMeds- who is paying for that? If not Ben, who? It's USA. The linkage of the dominoes is the scary thing (cf Lehman).
nice one chess.