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THE MARKET WHISPERER 45 3

1:30 to 3:30 PM. It is typified by increasing volumes and sometimes a
strengthening of the trend from the day’s opening. This stage is very suited

to expanding existing trades or for scalping (trades with narrow defined
goals of 20 to 30 cents).

During the second timeframe, between 3:30 to 4 PM, we avoid starting
new trades, close the ones we do not intend to take for a swing into the

next day, and take advantage of this time to check trades for the following

day, based on interesting patterns identified as the trading day closes.

Each timeframe has its own particular characteristics as far as trading

potential, specific methods, opportunities and risks. Professional traders

will adapt themselves to the timeframe in order to take maximum

advantage of the inherent potential offered by the different parts of the
trading day. Other traders may specialize at trading during a particular
timeframe and invest all their effort there.

Summary

Just as an attorney must prepare for a court hearing, you must also prepare

for the day of trading, your “hour of judgment.” Practice trading techniques

with the demo program, prepare lists of stocks as suitable candidates for

trades, get into the atmosphere of the trading day ready and confident
in your preparations. Self-confidence improves your mental state and
increases your success rate.