I saw that Nasdaq got approval to move toward almost 24 hour trading but it’s still not live yet
At first it sounds great more access more flexibility especially for people outside the US or anyone with a busy schedule
But the more I think about it the more questions I have
Would this actually improve liquidity or just spread it thinner across more hours
Would retail traders end up overtrading just because the market is always open
And honestly part of me feels like having some downtime is not a bad thing it forces you to step back and think instead of reacting all the time
Curious how you guys see it would this change your strategy or not really
Nasdaq might move to 23 hour trading days how would that actually change things
byu/simple_steps1 inStockMarket
Posted by simple_steps1
16 Comments
While we are all just gambling…
It’s not something I am looking forward to as I enjoy some downtime when the markets are closed.
Algo moves would run riot at night.
The death of stop-loss orders imo
More knee-jerk reactions to news, therefore more retail money going to the institutions.
Personally I’m for it, but it will definitely be used to wipeout more money.
I will have a permanent cot at the good faith jail
I think it’s a really bad idea. Liquidity issues could lead to wild swings in price and margin calls.
That’s great. Then folks can impulsively trade when they’re drunk and stoned at 2 am instead of having to sleep it off and wait until pre-market.
And of course there will be no fuckery or market manipulation of any kind in the middle of the night…..none what so ever!
Easier market manipulation is the way i see it.
I would hate it, because I am already to focused on the market. But honestly the big volumes would only be during New York day
The downtime is beneficial, it’s akin to ‘sleeping on it’.
Making it 23 hours is essentially making it a casino. It’s mostly going to be beneficial for good traders and institutions which is a smaller number than total retail traders who are not posting 15+% profits annually.
A lot more day traders dropping dead
This is DEFINITELY the worst idea ever floated. Damn the market down time is a treasured thing.
People would lose more
People would lose more by over trading.
U can already trade 23 hours daily on nq on 90% of apps.
I personally like it because at work it’s very hard for me to be able to just sit and buy. I live on the west coast and so for me the market is open from 630 am to 1pm. I also work a full time busy job so you can see it’s not a lot of daylight time to work with. It’s very hard to be able to sit down and make a reasoned calculation about a stock and it’s price because I just don’t have that much time at work. Most of the time I get maybe 10-15 minutes a day where I can actually sit and think about what the market is doing whilst at work. Most of my stock purchases are placed overnight to trigger on market open and I can never really be certain about what price I’ll get. So 24 hour trading would fix that because I’d just come home and just buy/sell at my leisure.