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Quadruple Witching Today

Friday, 18 September 2009 12:49

Today we have quadruple witching, which happens on the third Friday of the month that closes out a quarter. What this typically means is that we see an enormous rush of volume in the first 30 minutes and then the rest of the day gets choppy. Anyone who knows my trading knows that I don't like Friday afternoons and this one is even worse.

My goal today is get in early, make a few good trades and keep my P&L in good shape and get out. What is your plan for a day like this? If you are new to trading I would think about watching and learning how the markets trade on a day like today. If you are experienced then you will know what to expect and can alter your trading to work within today's market.

Good luck today and if you need help with your trading, be sure to contact me for the best program to fit your needs.