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They say that stocks go down during the day and up at night

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Re: They say that stocks go down during the day and up at night

#141

Post by turbonaut »

toast0 wrote: post #123
vjk800 wrote: post #44

Earlier quoted context omitted.

The world of finance is full of anachronisms like this. Exchanges are also closed on various bank holidays which are different in every country.

> Exchanges are also closed on various bank holidays which are different in every country You can't settle on a bank holiday, because the banks are closed. If you trade on a day you can't settle, you're going to have two days of trading settling on the same day later, which is going to be weird.

Weird or not, it happens in spot foreign exchange.

For example, if there’s a US holiday on a Friday then EUR/USD trades conducted on the Wednesday and Thursday would both typically settle Monday.

Re: They say that stocks go down during the day and up at night

#142

Post by vjk800 »

jjoonathan wrote: post #56
vjk800 wrote: post #44

Earlier quoted context omitted.

The world of finance is full of anachronisms like this. Exchanges are also closed on various bank holidays which are different in every country.

It's not an anachronism. Liquid markets behave verrry differently from illiquid markets. In liquid markets, "AAPL is $141.23" makes sense. It means that you can expect to buy and sell almost as much AAPL as you want at very close to that price because there are loads of buyers and sellers near that price. You can pretend that AAPL stocks have a price like a lamp at home depot: "I would like 2 AAPL please" is a safe t…

Bots wouldn't be required to provide liquidity during night hours. People living on the other side of the world will do just fine. We live in a global world now and people can buy stocks wherever using the internet, not just in the physical exchange like in the old days.

Re: They say that stocks go down during the day and up at night

#143

Post by vjk800 »

toast0 wrote: post #123
vjk800 wrote: post #44

Earlier quoted context omitted.

The world of finance is full of anachronisms like this. Exchanges are also closed on various bank holidays which are different in every country.

> Exchanges are also closed on various bank holidays which are different in every country You can't settle on a bank holiday, because the banks are closed. If you trade on a day you can't settle, you're going to have two days of trading settling on the same day later, which is going to be weird.

I count banks as part of the world of finance. Why do bank transactions need to stop during bank holidays? They are done by computers nowadays.

Re: They say that stocks go down during the day and up at night

#144

Post by isthisthingon99 »

300bps wrote: post #106
malshe wrote: post #88

Earlier quoted context omitted.

There are so many amazing profitable trading strategies if one doesn't account for the transactions costs!

…as well as the unavailability of someone to take the other side of the trade and a million other reasons. There are literally thousands of arbitrage experts working 10 hour days looking for true arbitrage opportunities. As a result they’re quite rare.

[dead]

Re: They say that stocks go down during the day and up at night

#145

Post by toast0 »

vjk800 wrote: post #143
toast0 wrote: post #123

Earlier quoted context omitted.

> Exchanges are also closed on various bank holidays which are different in every country You can't settle on a bank holiday, because the banks are closed. If you trade on a day you can't settle, you're going to have two days of trading settling on the same day later, which is going to be weird.

I count banks as part of the world of finance. Why do bank transactions need to stop during bank holidays? They are done by computers nowadays.

Because the bank is on holiday. That's right there in the name.

Re: They say that stocks go down during the day and up at night

#146

Post by thedangler »

I'm still convinced the market is fake and they keep making up more rules and ways to make money because its a Ponzy Scheme ready to collapse. Filter money from the retail to the elite few. Don't get me wrong some people make money but its very far and few between and don't think for a moment they won't come after your 401ks for "liquidity"

There is no real regulation.

-Market Manipulation happens all the time.

-Large institutions, Hedge Funds, and MM can make the market do what ever they want (within reason and time).

-Cellar Boxing is real.

-Latter Attacks are real.

-Placing fake buy and sell order.

-PFOF is a scam.

-Waving your friends Billion $ margin

-Using Fake funds as collateral to beat margin

-Internalizing orders.

-Synthetic shares...

-Family Institutions

-Self Reporting

-Fail To Delivers can go on for years.

-Manipulation real value by placing sell orders on LIT exchanges and buy orders in "Dark Pools"

-0 fraction reserve lending.

-Hide position is Swaps.. Which are not reported...

I mean come on....

Re: They say that stocks go down during the day and up at night

#147

Post by tristanj »

shawndrost wrote: post #134
tristanj wrote: post #43

There are several explanations for this phenomena: * The largest moves in price occur after quarterly earnings announcements, which are released after-hours. Same with other material announcements. * Prices are more volatile after-hours because there are fewer market participants. Because the order book is smaller, the same sized trade will have a larger effect on price after-hours compared to during trading hours. *…

Haven't you explained too much? Your robust explanation should hold true in 1990, 2000, 2010 but the phenomenon had a discrete beginning in 2009 (and arguably a smaller inflection point in 2002) per the graph.

The explanation is for the general phenomenon which applies to stocks part of the S&P500 https://finance.yahoo.com/news/buy-close-sell-open-114705554... . The chart in the article only shows AIG stock.

Re: They say that stocks go down during the day and up at night

#148

Post by tristanj »

uoaei wrote: post #99
tristanj wrote: post #43

There are several explanations for this phenomena: * The largest moves in price occur after quarterly earnings announcements, which are released after-hours. Same with other material announcements. * Prices are more volatile after-hours because there are fewer market participants. Because the order book is smaller, the same sized trade will have a larger effect on price after-hours compared to during trading hours. *…

Phenomenon is singular, phenomena is plural. The same is true for other words of similar form (criterion, etc.). I have an unusual sensitivity to societal grammar, spelling, pronunciation patterns vs the literal rules of language, and only recently has it been clear that most people who use those words use them very consistently incorrectly. This seems to have changed since I was a child. For all the talk about how t…

Thanks, I'll remember the distinction :).

Re: They say that stocks go down during the day and up at night

#149

Post by yareally »

MuffinFlavored wrote: post #140
yareally wrote: post #132

Earlier quoted context omitted.

I day trade futures a few times a week. Rest goes into my Roth IRA or brokerage account as long term stock holdings. It's honestly too much work for me to do anything else and the market is too volatile right now

> I day trade futures a few times a week. How profitable are you doing that?

Enough to dedicate an 60-90mins of my day to scalping one or two trades and then go about my day as usual. I have a consistent strategy I backtested and follow. I don't see a trade that meets my criteria, then I close my broker. Most people that day trade don't do that and that's why they lose money.

I've been trading for a while and don't suggest to others to trade futures[0]. It's essentially highly leveraged stock, but less risk than options.

[0] https://www.investopedia.com/terms/w/widow-maker.asp

Re: They say that stocks go down during the day and up at night

#150

Post by TeMPOraL »

JamesSwift wrote: post #92
dahfizz wrote: post #81

Earlier quoted context omitted.

Because the memory fills up. You pre-allocate a million orders, and send 800k orders a day, leaving only 200k free slots. You're going to run out mid day tomorrow if you don't restart.

That just sounds like a memory leak with more words. Is the memory reclaimed/reclaimable? No? Ok then it leaked. If the system were able to reclaim the memory from the order, you wouldn't need to restart it. The memory arena strategy doesnt change that.

It's still a fine strategy. One "formal" name for it I've heard is "null garbage collector". It may feel dirty, but it's pragmatic: if the program runs in cycles with well-defined starts and ends, restarting it reclaims all memory and brings the program to a well-known state.
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