Attachments: What do you do when the market is closed?

What do you do when the market is closed?

#1
First Post: Jul 6, 2019 2:14pm Jul 6, 2019 2:14pm

ar72212
| Commercial User | Joined Jun 2019 | 92 Posts

#2
Jul 6, 2019 4:55pm Jul 6, 2019 4:55pm

OutThere
Joined Aug 2018 | Status: Trader | 7,847 Posts

Quoting ar72212

Disliked

What do you do when the market is closed?

Ignored

Review the moves of the market when it was open.

#3
Jul 6, 2019 5:58pm Jul 6, 2019 5:58pm

dkrock
Joined Jul 2013 | Status: Gone | 1,106 Posts

I used to do historical analysis and load new indicators and modify them for signal accuracy. Now, I watch movies, shop, do things, lol. After you study long enough and develop an edge, there is nothing trading-related to do when the markets are closed, except attempt to keep my sleep pattern in tact, lol. Maybe once a month I might have a new idea and check it out, but it only takes a few minutes now, and usually is not an improvement. If you need to put in the time, then do it, because one day you might figure it all out and it will all be worth it. Good Luck.

You cannot be extraordinary by being normal

#4
Jul 7, 2019 2:27am Jul 7, 2019 2:27am

ar72212
| Commercial User | Joined Jun 2019 | 92 Posts

@dkrock
"After you study long enough and develop an edge, there is nothing trading-related to do when the markets are closed" is it sure?

#5
Jul 7, 2019 2:31am Jul 7, 2019 2:31am

rover99x
| Joined Sep 2009 | Status: Trader | 546 Posts

Sleep!!

#6
Jul 7, 2019 2:37am Jul 7, 2019 2:37am

landorra
| Commercial User | Joined Apr 2019 | 64 Posts

Quoting dkrock

Disliked

I used to do historical analysis and load new indicators and modify them for signal accuracy. Now, I watch movies, shop, do things, lol. After you study long enough and develop an edge, there is nothing trading-related to do when the markets are closed, except attempt to keep my sleep pattern in tact, lol. Maybe once a month I might have a new idea and check it out, but it only takes a few minutes now, and usually is not an improvement. If you need to put in the time, then do it, because one day you might figure it all out and it will all be worth...

Ignored

Agreed. That's the best every trader can do when markets are closed. Excellent advice!

#7
Jul 7, 2019 2:56am Jul 7, 2019 2:56am

Krug
| Joined Jun 2019 | Status: Trader | 2 Posts

I am wondering what to do? Simply shut the computer enjoy before Television, chat with friends, shopping bonanza, movies and driving!

#8
Jul 7, 2019 10:10am Jul 7, 2019 10:10am

rover99x
| Joined Sep 2009 | Status: Trader | 546 Posts

Quoting dkrock

Disliked

I used to do historical analysis and load new indicators and modify them for signal accuracy. Now, I watch movies, shop, do things, lol. After you study long enough and develop an edge, there is nothing trading-related to do when the markets are closed, except attempt to keep my sleep pattern in tact, lol. Maybe once a month I might have a new idea and check it out, but it only takes a few minutes now, and usually is not an improvement. If you need to put in the time, then do it, because one day you might figure it all out and it will all be worth...

Ignored

Yes, that's a great answer, mine was a bit flippant. I trade a mechanical method and you're right on the edge bit, new ideas are seldom an improvement!

#9
Jul 7, 2019 10:41am Jul 7, 2019 10:41am

fxprimate
Joined Sep 2017 | Status: Banana Error | 2,614 Posts

Sex, Drugs, Alcohol and Rock and Roll

POW!

#10
Jul 7, 2019 10:55am Jul 7, 2019 10:55am

fxprimate
Joined Sep 2017 | Status: Banana Error | 2,614 Posts

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POW!

#11
Jul 7, 2019 11:54am Jul 7, 2019 11:54am

trickshady
| Joined Nov 2010 | Status: Trader | 158 Posts

Trade crypto. It's open 24/7/365. Not sure if that's a blessing or a curse for a trader lol.

#12
Jul 7, 2019 4:58pm Jul 7, 2019 4:58pm

dkrock
Joined Jul 2013 | Status: Gone | 1,106 Posts

Quoting ar72212

Disliked

@dkrock "After you study long enough and develop an edge, there is nothing trading-related to do when the markets are closed" is it sure?

Ignored

Yes. If you can profit, and are happy with the results, and each time you look at your charts, your system makes complete sense, then you are finished. Just use it when the market is open. You graduated from designer to trader. If your goal is to be a trader, there is nothing left to design. However, if you are a designer and prefer to experiment with theories and hypothesis, then of course, you would not stop designing so you can trade and make money. I don't know your goals. Good Luck.

You cannot be extraordinary by being normal

#13
Jul 7, 2019 5:08pm Jul 7, 2019 5:08pm

mikeeating
| Joined May 2018 | Status: Trader | 648 Posts

live the dream

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life is a reflection of what we allow ourselves to see

#14
Jul 7, 2019 5:12pm Jul 7, 2019 5:12pm

EF5
Joined Oct 2013 | Status: Trader | 872 Posts

I love what I do so I don't slow down too much when the markets are closed. I'll do a research project, read a book, read some top quality blogs, create plans for the future, etc. I couldn't be more of a finance nerd so this is a lot of fun for me even if money weren't part of the equation.