TSXV:MRS.H - Post by User
Post by
TheRevenant2016on Dec 08, 2017 10:14am
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Post# 27116778
Do not conflate 1st hour trading of any day as a trend
Do not conflate 1st hour trading of any day as a trend Mistake many make after news...material event...c.c etc etc is making an assessment of trend up or down or sideways based on the first hour of trading of any trading day.
Those in the markets or any experience from the floor of an exchange know this is coined by professionals as "The DUMB MONEY hour".
Emotion based near all of it.
The smart money typically trades outside of the first hour of the morning.
Regardless of the event the day prior.
You want to see the trend...?
Start looking around 11 AM into 1PM as the indicator.
Its also where consolidation typically occurs.