Performance by Time of Day

December 4th, 2006

What hour of the day is your most profitable to initiate a trade? We’ve added a few new reports to the StockTickr Pro Trading Journal that will give you a performance report by time of day. There are reports by hour, by half hour, and by quarter hour. It will take a decent sized sample to be able to start drawing conclusions from reports like this. However, l was surprised to see that I have a negative expectancy when I enter trades during the 11 AM hour and yet that’s the hour that I initiate the most trades. Not sure why that is yet, I’m still digging through the Chart Review of my trades to see. A glance at my half hour report and quarter hour report shows that trading between 11:00 – 11:30AM has a negative expectancy, but between 11:30 – 12:00PM has a positive expectancy for me. My current thinking is that the kind of setups I’m looking for are commonly approaching potential resistance (usually the opening range high or low) at this time of day and often fail. Perhaps I should wait for confirmation before entering setups like this.

If anyone has any other ideas, I’m all ears. ;-) Here are my most recent trades during the time of day in question.

StockTickr Pro users can find these reports under the reports tab.

Performance by Hour

Hour View In Total R Win % Expectancy Trades
09:00 Calendar, Chart Review 0.38 60.00 0.08 5
10:00 Calendar, Chart Review 15.78 52.94 0.46 34
11:00 Calendar, Chart Review -7.31 27.91 -0.17 43
12:00 Calendar, Chart Review 9.34 47.83 0.41 23
13:00 Calendar, Chart Review -1.00 20.00 -0.20 5
15:00 Calendar, Chart Review 1.31 100.00 1.31 1

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