Never Buy In The Morning – Afternoon Is Best

You don’t EVER buy pre-market…and I rarely buy anything in the morning.Period.

This is when Wall St. “sells to you”……where as in the afternoon….Wall St. “buys for themselves”.

 

Mornings_Are_For_Selling

Mornings_Are_For_Selling

You should file this away as another great tip / something to incorporate into your trading….as a mis-timed entries tend to keep you up at night.

And we all need our sleep right?

Resist the temptation to buy in the mornings….this will help a lot.

 

8 Responses

  1. Grimychaz February 14, 2017 / 3:52 pm

    Did you offload your NUGT position before Yellen’s statement?

    • Forex Kong February 14, 2017 / 6:39 pm

      Not at all no!

      The price level checks out via my indicators/tech….a nice spike in the a.m but I am looking for much more….

      The next leg up should add a few bucks to NUGT – 14-15 bucks would make for a great trade.

      • Grimychaz February 14, 2017 / 7:49 pm

        I wish I would have BTFD this morning after her comments. Resiliency of miners amid fed jawboning is impressive.

        • Forex Kong February 14, 2017 / 10:32 pm

          Fed can’t talk this fundamental shift away….

          Money gonna pour outta stocks and into commodities…but they sure won’t tell you that on T.V!

  2. luc February 15, 2017 / 1:41 pm

    well buying afternoon didnt go well too

    • Forex Kong February 15, 2017 / 6:17 pm

      A single day….a single trade…no entry is ever perfect, but it sure beats buying at market open and watching things take a nose dive for the rest of the day right?

      Markets never make it easy when a big turn is coming, and gold is looking great here a few days out. I assume you should be pretty happy come tomorrow / Friday. Hang in there man….

      • Grimychaz February 15, 2017 / 8:57 pm

        This price action makes me want to buy more!

        • Forex Kong February 15, 2017 / 11:43 pm

          I am buying more as this has played out to the tee.

          I’d expect USD and GOld to make the solid turn here tomorrow!

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