Having a successful trading career not only depends on the trading system or style that you use but also depends on other intangibles, such as day trading time zones.
What exactly do we mean by time zones? well, i can tell you are not talking about Eastern and Pacific.
You need to start thinking of the market in terms of time blocks.
If you are not out here trading all day with the same strategies, you will end up overtrading and burnig through hard earnes cash.
What a day trader must understand is that even if a chart has a great setup, the time at which the trade is placed can have a large impact on the outcome of the trade. Well, understanding the market dynamics during different times of the day will take your trading to the next level.
Think about your trading history and notice if you see a pattern in the different times of day in relation to winning and losing percentages.
For example, many traders who are day tarding breakouts will be more successful during the first hour of the day than any other time frame. Typically, breakout attempts after 10.10 am will fail and reverse which will only serve to frustrate the trader and cause you to doubt your approach to trading.
Grow Wealth Investment 
You must be logged in to post a comment.