2 May 2008 - 12:12Trading Advice 5/2/08

My advice at this point in the day on a Friday is don’t trade. There is not much happening and you don’t want to be stuck in the market on Sunday when it opens at 2. Your broker probably doesn’t open until 5 or in the case of some bucket shops six. This means that there is at least three hours that the market is moving without your orders being executed. It is not likely that you will make a bug profit between 1 and 5 today and you will be powerless for 2 to 5 on Sunday so just stay away and enjoy your weekend.