{"id":46330,"date":"2017-11-21T15:59:36","date_gmt":"2017-11-21T20:59:36","guid":{"rendered":"http:\/\/www.smbtraining.com\/blog\/?p=46330"},"modified":"2017-11-21T15:59:36","modified_gmt":"2017-11-21T20:59:36","slug":"are-there-less-opportunities-in-this-market-into-the-close-for-traders","status":"publish","type":"post","link":"https:\/\/www.smbtraining.com\/blog\/are-there-less-opportunities-in-this-market-into-the-close-for-traders","title":{"rendered":"Are there less opportunities in this market into the close for traders?"},"content":{"rendered":"<p><img loading=\"lazy\" decoding=\"async\" class=\"alignnone size-full wp-image-46331\" src=\"http:\/\/www.smbtraining.com\/blog\/wp-content\/uploads\/2017\/11\/jeff.jpg\" alt=\"\" width=\"476\" height=\"532\" srcset=\"\/\/www.smbtraining.com\/blog\/wp-content\/uploads\/2017\/11\/jeff.jpg 476w, \/\/www.smbtraining.com\/blog\/wp-content\/uploads\/2017\/11\/jeff-268x300.jpg 268w, \/\/www.smbtraining.com\/blog\/wp-content\/uploads\/2017\/11\/jeff-100x112.jpg 100w\" sizes=\"auto, (max-width: 476px) 100vw, 476px\" \/><\/p>\n<p>A reader asked:<\/p>\n<p style=\"text-align: left; padding-left: 30px;\"><span style=\"font-weight: 400;\">Hello Mike.<\/span><\/p>\n<p style=\"text-align: left; padding-left: 30px;\"><span style=\"font-weight: 400;\">I have been involved in trading for a number of years and follow your youtube channel with interest. <\/span><\/p>\n<p style=\"text-align: left; padding-left: 30px;\"><span style=\"font-weight: 400;\">A quick query when you have some time. <\/span><\/p>\n<p style=\"text-align: left; padding-left: 30px;\"><span style=\"font-weight: 400;\">Going back a few years, the main &#8216;focus&#8217; for trading (mainly using the tape) was on the open and the first hour of trading. Then also the last hour before the close.<\/span><\/p>\n<p style=\"text-align: left; padding-left: 30px;\"><span style=\"font-weight: 400;\">I&#8217;m just wondering if this is still the case in today&#8217;s markets. \u00a0The open is still obviously important, but with regards to the last hour before the close, is this still a viable time to trade in your view?<\/span><\/p>\n<p style=\"text-align: left; padding-left: 30px;\"><span style=\"font-weight: 400;\">I seem to be getting more of a &#8216;lunch time&#8217; vibe in the final hour, where it seems that the main move has happened early on and now we are in sideways chop with not much in the way of &#8216;tape signals&#8217; to guide you if you want to trade in the last hour before the close.<\/span><\/p>\n<p style=\"text-align: left; padding-left: 30px;\"><span style=\"font-weight: 400;\">Would be interested in your view on this when you have some time.<\/span><\/p>\n<p><strong>@MikeBellafiore<\/strong><\/p>\n<p>I would agree with your observation for tape readers\/scalpers.\u00a0 On the open offers the best opportunity to scalp as there is more volatility.\u00a0 I do notice our best scalpers profiting midday, trading the stocks most In Play.\u00a0 I do notice less of this type of trading into close, but still opportunity for the best tape readers.\u00a0 Overall, there does appear to me to be less opportunity to tape read and scalp into the close than in the past.<\/p>\n<p>There are different strategies that work well into the close that traders gravitate towards.\u00a0 There are positions to be managed for swing traders.\u00a0 There is stock movement to be watched for setups for the next trading session.<\/p>\n<p>You make an important observation for your trading.\u00a0 You do an excellent job seeing the different business plans you might build for the different trading time frames- open, midday, close.<\/p>\n<p>As always, I welcome your questions\/feedback- mbellafiore@smbcap.com.<\/p>\n<p>*no relevant positions<\/p>\n<p>&nbsp;<\/p>\n<p>&nbsp;<\/p>\n","protected":false},"excerpt":{"rendered":"<p>A reader asked: Hello Mike. I have been involved in trading for a number of years and follow your youtube channel with interest. A quick query when you have some time. Going back a few years, the main &#8216;focus&#8217; for trading (mainly using the tape) was on the open and the first hour of trading. Then also the last hour &#8230; <a href=\"https:\/\/www.smbtraining.com\/blog\/are-there-less-opportunities-in-this-market-into-the-close-for-traders\" class=\"more-link\">Read More<\/a><\/p>\n","protected":false},"author":144,"featured_media":46331,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1],"tags":[30,50,18,653,1354,1989,1349,1719],"class_list":["post-46330","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-general-comments-2","tag-prop-trading","tag-proprietary-trading","tag-smb-capital","tag-trader-training","tag-trading-coach","tag-trading-course","tag-trading-mentor","tag-trading-plan"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v26.1.1 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Are there less opportunities in this market into the close for traders? | SMB Training<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.smbtraining.com\/blog\/are-there-less-opportunities-in-this-market-into-the-close-for-traders\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Are there less opportunities in this market into the close for traders? | SMB Training\" \/>\n<meta property=\"og:description\" content=\"A reader asked: Hello Mike. I have been involved in trading for a number of years and follow your youtube channel with interest. A quick query when you have some time. Going back a few years, the main &#8216;focus&#8217; for trading (mainly using the tape) was on the open and the first hour of trading. Then also the last hour ... 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