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day trading during the summer

For as long as I can remember day trading during the summer time was pretty much “get your trades in by 11 am and take Fridays off.” It was very common for most traders to not even bother during the summer, most focused on their golf game or took off the month of August.

That is simply not the case anymore. The volatility the last 3 or 4 summers has been fantastic. You would think that it was that way this year because of the sub prime mess but look at the energy stocks, they all had a terrific run up and a very easy to trade move back down.

The one key to trading during the summer is you may need to be a little more selective than usual, you must really focus on follow through before you start to build a position, follow through can be weak in this environment if you are not in a sector with good order flow.

We most likely will see a slow down in order flow the next 2 weeks as we approach labor day. Pick your spots and enjoy the rest of the summer. We will come out swinging after then!

http://www.keystonetradinggroup.com/

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