Best times of day to trade shares?

purch

I notice you still have not said whether, in your wise opinion, now is a good time to invest?

This thread is concerned with Trading not Investing.

I have no opinion (wise or otherwise) on whether or not this is a good time for you or anyone else to Invest. I don't have the first clue about your personal circumstances, objectives or anything else that would enable someone to give such an opinion......and anyway I've never been able to get my head around the rubbish such as Buy and Hold, or Pound Cost Averaging peddled by the 'snake oil salesmen' ..........

Baz_2

purch wrote: »

This thread is concerned with Trading not Investing.

I have no opinion (wise or otherwise) on whether or not this is a good time for you or anyone else to Invest. I don't have the first clue about your personal circumstances, objectives or anything else that would enable someone to give such an opinion......and anyway I've never been able to get my head around the rubbish such as Buy and Hold, or Pound Cost Averaging peddled by the 'snake oil salesmen' ..........

You know exactly what I am asking you however you choose to wriggle out of it because its a question you cannot answer. It also would show that your "trend analysis" rubbish is exactly that and it still comes down to timing your entry and exits points which you dismiss.

You posted "buy when shares are going up" So are shares going up now? Is now therefore a good time to buy? Or are shares still going down and hence it is not a good time to buy or is it even a good time to sell?

turbobob

sabretoothtigger wrote: »

There is a phrase that people should sell on the way up and buy on the way down

I haven't heard that one STT. Is that contrarian trading? "Buy on the dip" I have heard

sabretoothtigger

Here you go, cramer says so, its golden

All last week I was picking at stocks, trying to build positions in names I like on the way down.

This change of heart by the president allowing FNM and FRE to live gives people a chance to catch their breath. The fact that there is such heavy buying is simply a sign that the shorts are worried that something of undetermined good happened.

Soon there will be determined bad happening. I am a scale seller.

http://www.bloggingstocks.com/2008/07/14/cramer-on-bloggingstocks-buy-on-the-way-down-sell-on-the-way-u/



Actually given he got bashed recently for ramping, his advice seems good especially when you look back. The FNM bailout was a good time to sell even while prices rose with the news

Is that contrarian trading?

Not in my opinion, not really. Just always hold your own opinion, to sell just because the market rises would be silly if you agree with the valuation.
As a general rule, sell into strength and buy into weakness I think its just good advice to choose stocks well and get the best value at these times, dont be swayed into choices not of your own making by the market momentum

Some well-known value investors such as John Neff have questioned whether there is a such thing as a "contrarian", seeing it as essentially synonymous with value investing

http://en.wikipedia.org/wiki/Contrarian

chookie1

Baz wrote: »

You posted "buy when shares are going up" So are shares going up now? Is now therefore a good time to buy? Or are shares still going down and hence it is not a good time to buy or is it even a good time to sell?

If anyone truly knew the answer to that, they wouldn't have time to post answers as they'd be too busy ordering the next pina colada on the beach in the Bahamas.

purch

There is a phrase that people should sell on the way up and buy on the way down

Is that contrarian trading? "Buy on the dip" I have heard

Yes, both of those are methods traders use.

Personally I don't think I am clever enough to predict tops or bottoms or entry and exit points, so I am much more comfortable following the herd.

sabretoothtigger

Yea proper traders follow momentum and massively overbuy the share or trade it on margin.
Im uncomfortable with the idea of buying just because everyone else is but its massively profitable, would be good to combine it with just shares you like anyway

Not sure if that is more or less true of options also, I think there is more then one way to trade them

turbobob

To my way of thinking, buying just because everyone else is can be very profitable. But you've always got to have an exit plan.

Blah99

Baz wrote: »

You posted "buy when shares are going up" So are shares going up now? Is now therefore a good time to buy? Or are shares still going down and hence it is not a good time to buy or is it even a good time to sell?

Your question makes absolutely no sense, as a few people have already told you, but you're continuing to blame others for your poor question.

Now is probably a bad time to buy Cattles (CTT). Now is probably a good time to buy Tesco (TSCO). Does that analysis mean it's a good or bad time to buy Barclays?

How is anyone supposed to make a blanket good/bad time statement across markets? Going back several months shares were dropping like a stone, yet I still made profitable trades.

Baz_2

Blah99 wrote: »

Your question makes absolutely no sense, as a few people have already told you, but you're continuing to blame others for your poor question.

Now is probably a bad time to buy Cattles (CTT). Now is probably a good time to buy Tesco (TSCO). Does that analysis mean it's a good or bad time to buy Barclays?

How is anyone supposed to make a blanket good/bad time statement across markets? Going back several months shares were dropping like a stone, yet I still made profitable trades.

He said buy when they are going up and sell when they are going down. The original posted didn't mention any particular markets or shares but yet his response was just that. i.e a rubbish response that was plainly unhelpful. And its not the first time he has posted his insight in similar threads.