Despite the inertia that seeps into every traders brain when they have an active trading morning, keep in mind that your risk/reward ratio changes throughout the day… dramatically!
A weaker volume market is a more volatile market and a more volatile market is harder to trade when using any type of trading system (which you are… right?). Remember that the first hour after market open and the last hour before market close are the strongest and most trend following hours of the entire trading day. The hours in between should only be traded by savvy and impeccably disciplined traders who do not mind twiddling their thumbs in order to keep from getting trigger happy. Read the rest of this entry »
