Month: August 2020

Trading Education

Labor Day 2020 Trading Calendar Schedule

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Lab or Day

The US holiday of Labor Day is on September 7, 2020 and most of the trading markets will be closed. Are Stocks Trading on Labor Day? The New York Stock Exchange is closed for trading on Monday September 7th. The NASDAQ Exchange is closed for trading on Monday September 7th. The Chicago Board of Options Exchange or the CBOE is closed for trading on Monday September 7th. The US Bond Markets also are closed for trading on Monday September 7th. Are the US Futures Markets open for Labor Day 2020? The InterContinental Exchange will be closed for Labor Day on September 7th 2020. The CME Group will be closed for Labor Day on September 7th 2020. Below is a breakdown of the various futures markets and their trading availability over the Labor Day weekend. Calendar Date Friday,September 4 Sunday,Sept 6 into Monday,Sept 7 Monday, Sept 7 Monday, Sept 7 into Tuesday, Sept 8 Product CLOSE OPEN HALT OPEN Equity  Regular @ 1600 CT / 2100 UTC Regular @ 1700 CT / 2200 UTC 1200 CT / 1700 UTC Regular @ 1700 CT / 2200 UTC Bitcoin Regular @ 1600 CT / 2100 UTC Regular @ 1700 CT / 2200 UTC […]

Trading Education

FOMO and Trading

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Trading and FOMO FOMO stands for Fear Of Missing Out.   This is an emotional trap of trading psychology for those who are risking actual money.  While trading simulators are perfect for perfecting your trading strategy or trading strategies.  The reality is it is very common to be able to make money while trading “fake money”  I would say that this is a good first step.  You should make money paper trading before you start trading with real money.   However, it is really important that the trading methodology that you are practicing has a realistic risk control in place.  Why? Because when you start to see a stock or cryptocurrency start to move and you have this strong urge to jump into a trade for fear of missing out.   Your emotional greed or is overpowering the logical part of your brain. It also can come from our need of action or stimulation. After all, how many times a day do you look at your phone to check on the news, social media, or that ding of a text that just came in. How to overcome FOMO in trading Step 1. You should keep some sort of trading diary and journal.  […]