FYI: This is a follow-up article, and couldn't think of a better way in making my 30,000 link than an article by our own MFO member Lewis Braham.)
No one ever said day trading was easy. But maybe night trading is.
According to a July report from Bespoke Investment Group, essentially all market gains since 1993—as represented by the SPDR S&P 500 Trust exchange-traded fund (ticker: SPY)—have come outside of hours when the market is actually open for trading. “Had you bought at the close every day and sold at the next trading day’s open, you’d be up 672% right now (not even including dividends),” writes Justin Walters, the report’s author and Bespoke’s co-founder. “Had you done the opposite and bought at the open every trading day and sold at the close that same day, you’d be down 11.5%.”
Regards,
Ted
https://www.barrons.com/articles/a-successful-after-hours-trading-pattern-is-broken-by-trumps-tweets-51564789699?mod=past_editions
Comments
Regards,
Ted
Whatever you do - don’t go near the toxic Tigers. They’re now 34 games back, in the cellar of the AL Central. And their new announcers stink after 16-year veterans Rod Allen & Mario Impemba got booted last season following a physical altercation (over a chair). You’d think that with all the $$ they were getting paid to watch baseball they could have at least pretended to like each other?
A couple links to that story:
https://www.detroitnews.com/story/sports/mlb/tigers/2018/09/06/rod-allen-had-mario-impemba-choke-hold-during-fracas-after-detroit-tigers-game/1211612002/
https://www.detroitnews.com/story/sports/mlb/tigers/2019/01/13/ex-tigers-broadcaster-rod-allen-talks-fight-mario-impemba/2564597002/
Regards,
Ted