• Trading 101: Anticipating a Slow Week…

    by  • November 22, 2013 8:07 am • Trading 101 with Peter Bryans

    Thanksgiving week (Turkey Day is next Thursday, 11/28) is likely to be a slow one. When you have these shortened holiday weeks, volume on both the option and equity fronts really drys up and the market feels as if it has just stopped altogether. The exchanges are closed on Thanksgiving and then the following Friday (11/29) is essentially a 1/2 day of trading–the market closes at 1:00 PM EST.

    Not only is the trading week a short one, but we also have a relatively light amount of data. Here’s a quick glance at the Economic Calendar that begins on Monday, 11/25.

    (courtesy of Briefing.com)

    Aside from maybe Durable Goods on Wednesday, there isn’t really much to be excited about. The afternoon on Wednesday is generally a very slow one.

    I’ll leave you with one final bit of advice that I have learned throughout my trading. Not only are these types of days somewhat dull, but just because this is the case it does not mean that you should force yourself to trade. Remember that we should never trade because we feel compelled to do something– we only want to trade out of conviction. Sitting on your hands and doing “nothing” is a good thing on certain days.

    Good luck out there.

    About

    Peter Bryans joined the Schaeffer's Investment Research trading team as a Trader in April, 2012. A graduate of the Fisher College of Business at The Ohio State University -- where he concentrated in Finance -- Peter previously held internships with an insurance broker and a wealth-management firm. In his current role, Peter trades a variety of our real-time option services and also hosts our "Options Apprentice" weekly webinar presentations.

    http://www.schaeffersresearch.com