Understanding "When" to trade.

[Rruchi man]

Knowing the HOW to trade is one thing, another is knowing the WHEN.
As a trader (crypto & forex), it is bad to trade every time the market opens up. The best and most profiting traders are not those that trade everyday, but take a targeted approach to trading.

For me, I know for sure that i do not like to trade on Mondays because that's when i take analysis to know which way the market will go for the week. Trading days for me are usually on Tuesdays and Wednesdays, the market moves better on those days for me.

Some other times not to trade as well are;
- On holidays.
- During Major news events.
- When you are emotional unstable.

[1714772131]

1714772131

[1714772131]

1714772131

[1714772131]

1714772131

[teosanru]

Are you serious about not taking a trade when market opens up? In stock markets i have seen 80% of traders taking trades when market open up, that is the best phase because you get the most volume and can easily play on the momentum of any stock, after half an hour the volume stabilizes and then it's difficult to expect big movements in any stock without volumes many patterns are also difficult to validate. Rest all i agree that you shouldn't trade in certain times but surprised to see you don't trade when market opens up.

[Rigon]

This is a very important issue when you trade. You will only trade when you see that the market has moved down a lot and then the market has moved up a bit.Start your trading in such a situation. I have seen a lot of times the market goes up a little bit after coming down a lot.And especially when there is any good news you will start trading. People trade the most at that time.

[mk4]

Are you serious about not taking a trade when market opens up? In stock markets i have seen 80% of traders taking trades when market open up, that is the best phase because you get the most volume and can easily play on the momentum of any stock, after half an hour the volume stabilizes and then it's difficult to expect big movements in any stock without volumes many patterns are also difficult to validate. Rest all i agree that you shouldn't trade in certain times but surprised to see you don't trade when market opens up.

It basically comes back to the fact that not everyone trades the same and each person has their own strengths and weaknesses, and this may be one of them regardless how obvious it is for you.

[palle11]

- On holidays.

Yes I agree with what you said on the holidays. I realize that holiday is a risky day to trade and market usually go on one direction and stays on that direction almost all the day of the trading till the next day. It is risky because if you enter a wrong direction, you will not come out from it and can regret by losing your capital. The reason also for the market to stay one direction is no orders coming in from the opposite side and therefore no volatility is created to change the direction. Staying out is better during holidays.

[jackg]

Are you serious about not taking a trade when market opens up? In stock markets i have seen 80% of traders taking trades when market open up, that is the best phase because you get the most volume and can easily play on the momentum of any stock, after half an hour the volume stabilizes and then it's difficult to expect big movements in any stock without volumes many patterns are also difficult to validate. Rest all i agree that you shouldn't trade in certain times but surprised to see you don't trade when market opens up.

It basically comes back to the fact that not everyone trades the same and each person has their own strengths and weaknesses, and this may be one of them regardless how obvious it is for you.

And yeah I do the same with forex. Most markets I'll wait about 3-5 hours after something significant happens (eg news or market open) before even considering going back to look at the charts.

My issue with trying to trade high volume and volatility on shares is that the markets we have (it could just be the facilitators I use) don't have the speed to actually cope with high volume trading so orders take a few seconds to go though (which becomes problematic in high volatility as you can end up with the price moving too far from your entry and too close to your take profit before it's been processed by the server).

[palle11]

My issue with trying to trade high volume and volatility on shares is that the markets we have (it could just be the facilitators I use) don't have the speed to actually cope with high volume trading so orders take a few seconds to go though (which becomes problematic in high volatility as you can end up with the price moving too far from your entry and too close to your take profit before it's been processed by the server).

This issue do happen during volatility especially when high impact news is released, yes I confirm that. At this time I think it is a general problem with the platforms transmitting the trade. It is a general platform issue that appears like it seize movement in the platform. Sometimes it appears as no network. Lol this time is not funny when you have already jumped into the market and trying to make some adjustments in your order or to set your stoploss. This is better that we already set stop loss before jumping in to avoid jumping out with empty capital lol. In such volatile times, using buy stop or sell stop can be better and you have the time to set your stoploss.

[Sterbens]

Because a person's trading preferences certainly have different angles and readings of conditions. As for me, there is no exact time benchmark and can really determine when and what days to avoid. Because for most other traders, while their analysis says that prices are open to entry in a short time span, then they definitely will. The market runs 24 hours non-stop, but it's only about volume at any given time that makes the difference. It is also always adjusted to the condition of the news that is obtained.

[Oilacris]

- When you are emotional unstable.

When you are dealing with crypto market then this is the only thing that i do agree on, on which you do know to stop when you are in this state and the rest would only be applicable on Forex/stocks

trading on where it does have some fix weekly opening of the market unlike on crypto which is open 24/7 and i dont believe about patterns and things related to it specially into this market
on which it is totally unpredictable and random which anytime could be a best time for you to get in.So for something like this then you would really be boggling up your mind
in between their differences.

[rhomelmabini]

I don't think there's a perfect timing when to trade, it's always not perfect. I mean  you can't find a perfect timing when to trade, crypto is too volatile and it fluctuates too often. You may think as if always has no timing when to trade in the crypto market, no idea on the forex as I'm not familiar with it.

[goaldigger]

Some other times not to trade as well are;
- On holidays.
- During Major news events.
- When you are emotional unstable.

Holidays are usually a down trend, so you can just wait for the price to stabilize before you trade.

Major events will still depend if its a good new or a bad news but for sure the market will always react so watch out for this.

In trading you must learn how to control your emotion, this can help you succeed and have a good trades, this is very important. Though in general, there’s no perfect time to trade because you can do that anytime, maybe it will always depend on your strategy and the result of your analysis.

[Franctoshi]

Knowing the HOW to trade is one thing, another is knowing the WHEN.
As a trader (crypto & forex), it is bad to trade every time the market opens up. The best and most profiting traders are not those that trade everyday, but take a targeted approach to trading.

For me, I know for sure that i do not like to trade on Mondays because that's when i take analysis to know which way the market will go for the week. Trading days for me are usually on Tuesdays and Wednesdays, the market moves better on those days for me.

Some other times not to trade as well are;
- On holidays.
- During Major news events.
- When you are emotional unstable.

I somewhat agree with you regarding with trading on holidays but that of Monday I don't think I go with you on that because most of my profitable trading days has been that of Monday ,So I don't think that this is the major issues that most traders are faced with , someone with a good trading plan can tape into any trading market day except that of holidays you made metion and still come out profitability.

[seleme]

Both time and price are parts of chart, we traders have to consider both variables before deciding which direction we gonna trade and how long it will take. Limit orders are time-friendly, traders can choose the specific timeframe and set target price instead of staring screen in low level minute charts. Entry and exit price points can be based on time btw, you just have to feel the timing correctly rather than rate. The timing of the market can be wrong but you can compensate the potential loss with buying at the advantaged price levels. If you can't it will be a double loss in the long term since time ticks not in your favor. Just my 2 cents.

[crzy]

Timing is very important in trading, it may not be easy but its possible to timing the market.
Analyze well, and you should not get distracted by any events just focused on your strategy. Knowing when to buy is the hardest part, the chart can tell this if you able to execute your analysis properly. Events can only be your guide and doesn’t mean you need act right away, you still have time to analyze.

[Lanatsa]

I don't think there's a perfect timing when to trade, it's always not perfect. I mean  you can't find a perfect timing when to trade, crypto is too volatile and it fluctuates too often. You may think as if always has no timing when to trade in the crypto market, no idea on the forex as I'm not familiar with it.

On forex then the market opens every Monday
and here's some major events that you should look upon for whether you do trade or not.

Central Bank Rate Decision. Each month the world's various Central Banks meet to decide over the interest rates they are responsible for. ...
Gross Domestic Product (GDP) ...
Consumer Price Index (CPI) ...
Employment Indicators. ...
FOMC Meeting.

Source: https://www.equiti.com/blog/posts/2017/september/top-5-economic-news-events-for-forex-trading/

This is similar on crypto when it comes to news but the difference is that everything would really be on random.

[Johnyz]

Are you serious about not taking a trade when market opens up? In stock markets i have seen 80% of traders taking trades when market open up, that is the best phase because you get the most volume and can easily play on the momentum of any stock, after half an hour the volume stabilizes and then it's difficult to expect big movements in any stock without volumes many patterns are also difficult to validate. Rest all i agree that you shouldn't trade in certain times but surprised to see you don't trade when market opens up.

It basically comes back to the fact that not everyone trades the same and each person has their own strengths and weaknesses, and this may be one of them regardless how obvious it is for you.

Most probably we are trading based on our own timeline, so technically OP sees a different market and that’s why his approach is also different. In crypto, you can trade anytime because it is open 24/7 so there should be no rush here and stay focus on your analysis, this can tell you either to sell or to buy. I don’t believe on any trading belief, Monday can still be a good day for me to trade.

[Ryker1]

Well there is no time frame for me in trading, as long as I am in a condition to trade it is good to go.
When to trade when you are in a good condition --emotional is the most common factor to consider before you will start trading.
Regarding what day it is, perhaps every day as long as you feel it conveniently in trading.
However, the ^[WHEN] and ^[HOW] factors will depend on you.

[CryptopreneurBrainboss]

For those thinking timing isn't a necessity for having a successful trade they should have a rethink. You don't go trading when the news is out there of some negative directives been issued towards the industry. You can only end up losing as the market will be moving in an opposite direction to your calls
this situation only favours you when you're probably shorting then will the market move to your calls.

As a trader you must not follow all the guidelines given by the OP and by others on thread as you have to look for what best works in your favor and those suggestions mightn't. Trading is about developing a strategy that suits you and trade consistently until your perfect those strategy and become a professional yourself. One common mistake the average traders do in this industry is trading hype/new coins especially on the day of listing.

[nhaila]

It is not that a trader will always trade because trading all the time will not bring anything profitable. However, a successful trader understands the condition of the market and then wants to trade. In particular, before going to trade, he must determine the right coins and budget for the investment.

[TelolettOm]

- On holidays.

Commonly during the holidays and also weekends, I commonly will also avoid this time. The market is commonly very volatile and there are many surprises  

- When you are emotional unstable.

This is like a basic of trading. Emotional control is very important in trading. Whenever we are not ready or cannot control the emotion, better to calm down and take a rest for a while.

Btw, actually, the term f "when" we are better to trade will also depend on what kind of trading we are on. The SPot market and future may be also different.
And if in the future, we can use hedging mode to be implemented for a certain market situation.
But exactly, it is difficult for me, especially because of not a professional trader