When day trading, timing is everything. If you buy into a big up day just before a minor pullback, you might find yourself BOGGED for the entire day without any hopes of respite. Having the data available can buttress assumptions or feeeeeeelings, providing you with a strategy to work from.
Case in point: the fucking recent trend of dumping out at the open is also paired nicely with large upwards movements from 11am to 12pm.
A 45bps move in a single hour is massive. If you notice by the graph above the 3pm hour also provides a nice return for longtards. These trends, however, are subject to violent change and are pervasive now because of quants and other various factors. At some point we might see a reversal of these trends, so don’t think it is the holy grail.
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Bottom bouncers … $RMBS & $CELH