Preferred days in the week for day traders

[KCalhoun]

Volatility

 

[maxinger]

Best Time(s) of Day, Week, and Month to Trade Stocks

Is There a General Rule for Timing Trades?
The closest thing to a hard-and-fast rule is that the first hour and last hour of a trading day are the busiest, offering the most opportunities. But even so, many traders are profitable in the off-times as well.

The Bottom Line
These suggestions for the best time of day to trade stocks, the best day of the week to buy or sell stocks, and the best month to buy or sell stocks are generalizations, of course. Exceptions and anomalies abound, depending on news events and changing market conditions.

...

Best days are Green of course.

ie Thu & Fri are good for stock day traders.

 

[KCalhoun]

Carefully look at daily s&p ranges

 

[TheMordy]

Hello TheMordy,

The best time for me to trade is 8:30 am to 3pm, Monday thru Friday, non-stop. No breaks.


Disclaimer: These are just my trading opinions. Please do not take what I say as truth because I can not prove anything I say makes a lot of money trading. Please trade per your own responsibility. I have been day trading manually for 4 years and my total profits is about -$11,500 so I am not a profitable day trader, yet. For 2023, I am down about -$3600. I am working on recovery day to day.

You don't have an edge. That's why you're broke. And you're not even looking for one. I am, that's why I research....

 

[rb7]

I'm day trading, mainly the daily top gainers and top looser (fitting my strategy).

Are there specific preferred days, where price moves more significantly during the session ?

Looks to me like Friday is a great day for day traders, had recently a few stocks which moved 10-60% after open on Friday.

Basically, are there more and less volatile trading sessions (end of the week, beginning)?

.

It depends on the strategy/model that you are using.

For me, the best days are Thursday & Friday.
The worst, Tuesday.

 

[TheMordy]

It depends on the strategy/model that you are using.

For me, the best days are Thursday & Friday.
The worst, Tuesday.

What way is market behavior different tuesday than thursday ?

 

[rb7]

What way is market behavior different tuesday than thursday ?

Volatility (trading range) is statistically higher, at least for the ES.

 

[Handle123]

Saturday is best day so you can test what is best day to trade YOUR methods.

 

[M.W.]

Looks different for every year, quarter, and month, not sure why you handpicked 2018. Secondly the numbers in your chart are statically irrelevant, suggesting returns of same week days cancel each other out. There is absolutely no edge emphasizing certain days over others.

Best Time(s) of Day, Week, and Month to Trade Stocks

Is There a General Rule for Timing Trades?
The closest thing to a hard-and-fast rule is that the first hour and last hour of a trading day are the busiest, offering the most opportunities. But even so, many traders are profitable in the off-times as well.

The Bottom Line
These suggestions for the best time of day to trade stocks, the best day of the week to buy or sell stocks, and the best month to buy or sell stocks are generalizations, of course. Exceptions and anomalies abound, depending on news events and changing market conditions.

...

Best days are Green of course.

 

[Laissez Faire]

There is absolutely no edge emphasizing certain days over others.

Sure about that? I've seen research suggesting otherwise. Also in my own research, although I can't say it's an hard edge on its own without other metrics/factors considered.

There's a weekly cycle in the market, though.

Usually, but not always of course, you get the week low/high early and late in the week.

For example, for a week going from high to low by end of week, you get the week low on Thursday or Friday 81 % of the time. That's statistically significant in my book. So far, this is that type of week. Barring a complete reversal from here I'll be expecting the week low this week on Thursday or Friday.

Let's see how the week develops.

PS: For a week going from low to high by end of week, you get the week high on Thursday or Friday 84 % of the time. Dataset dates back to 2005. This is for ES / SPX.