Need shorter pls!
Think on the bright side. If markets were 24/7 , atleast the market gaps will occur less. If some global news event happened during saturday atleast we can exit our positions. weekend volatility will be negligible. I mean imagine taking a position on friday , some news event happened on sunday night in US and monday market price opened way beyond stoploss. Things like this can be avoided.
I dont have life outside, so I came to market
Just check US and other markets, gaps will still be there! There are multiple reason of gaps ,market makers, institutions clear there books ,news is not only the reason!
There is life both outside of water and in the water, so life can be found in the market too
enjoys both such lives.
This topic’s been discussed many times before…
As for this
Take today’s FinNifty expiry for example. 6 hours was stressful enough, why would one want to trade longer or 24/7 (unless one’s looking for their fix)
Keeping aside the stress and the psychology. I guess it helps for people who want to practice more in live market, maybe liquidity will spread through out the session. So I guess there will be people who would vote yes for this, if it happens.
I don’t know if the exchanges are equipped with systems which can support longer hours.
@nithin sir what is the view of entire brokers industry on this as extended hours was implemented in 2018 but the plan was shelved later on
I really hope this doesn’t happen.
Why?
only thing I don’t understand is what is need for closing the market in first place. Sure currency markets and commodities markets even including crypto markets are 24/7. But the volume only comes during day time. Why cant NSE be like that?
Yes. Commodity market is open from 9 AM to 12 AM. Still gaps occur at 9 AM next day.
It will add a new element to trading that I will not be able to backtest. Plus I may not be able to entirely switch off after 3:30, that’s not convenient.
PS: I am an aggressive derivatives trader (and a moderately conservative investor.)
The bright side of Gaps is that we can make a killing when it goes in our direction. Even it goes against an option buyer like me, I stand to loose only the premium I payed…
Yes provided it doesn’t get obsessive and intrusive on one’s and fellow beings existence. Detachment ironically tends to bring more money than intense obsessive attachment to stock market tickers.
So your situation is personal, and not applicable to all, and there may exist some who can benefit from the extended hours.
Doesn’t experience bring calmness and emotional control, be it in trading too like any other profession?
Or the greed is so powerful that people are unable to let go a trade
Machines cooling off period physically and for all other software related checks
now that is the most underrated thing you have said!
Not necessary. Calmness and emotional control is a big function of your trade position size and belief in a well tested and rounded trading system. If a trade or a series of trades goes against you for a certain pre determined position size but it doesn’t rattle you and you can keep executing your system that is when you have control.