Aguanga, CA USA
Experience: Advanced
Platform: Ninja Trader 8
Broker: IB, NinjaTrader Brokerage, Schwab
Trading: ES
Posts: 216 since Sep 2014
Thanks Given: 68
Thanks Received: 387
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Just piling on to the stay away on weekends.
Governments and Corporations prefer to sort of push bad news under the radar and late on Friday after the reporters are gone. If something big happens, like what may be going down in Russia this weekend, it is the Asian desks for the big banks that are trying to figure it out. Well Goldman etc don't have their major brain trust working in Hong Kong, or in New York on Sunday night, you know the decision makers are in the Hamptons. Typically big emotional reaction to the news then later on Monday after morning meeting the big boys wade in.
If you trade futures there is no tax penalty for getting out and getting back in. You need good sleep over the weekend. Trading is a mind game, you need the weekend without the subconscious stress of holding a position when you are powerless to do anything about it.
Those who run money for others use a lot of hedges. Just look at the size of JP Morgan's quarterly S&P collar. Small time futures traders don't need collars, they just get out.
Good Luck!
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