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How the 22-Hour Trading Day Could Reshape Markets

SteadyTrade

SteadyTrade.com

Business, Education, Investing

4.6589 Ratings

🗓️ 30 October 2024

⏱️ 28 minutes

🧾️ Download transcript

Summary

The New York Stock Exchange’s (NYSE) newly proposed hours. The exchange currently offers trading from 4 a.m. to 8 p.m. Eastern time from Monday through Friday. But the NYSE just proposed to extend trading hours from 1:30 a.m. to 11:30 p.m. Eastern time. That means the stock exchange would only be closed two hours per weekday. This could have major implications for traders. More trading hours in the day means there’s more time to enter and exit short-term trades. And you may be surprised to...

Transcript

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0:00.0

Welcome back to the stage rate podcast, everyone.

0:10.9

I am Tim Bowen back with Matt McCall.

0:12.8

We've got a fully loaded agenda today.

0:15.4

I mean, there's just a lot going on in the world at the end of the day.

0:19.5

And listen, you know, I know to a lot of you

0:22.8

that can kind of seem scary. I know Matt and I talk about volatility almost every week,

0:27.9

but listen, everything that's on our list to talk about today, move stocks, moves commodities,

0:34.2

moves crypto, et cetera. So, you know, it's always kind of weird you know to talk about this

0:41.4

because like I have you know especially like in penny stocks I'll often talk about you know I always

0:45.8

kind of give a disclaimer I'm like we love cancer okay and I always go right in the disclaimer

0:51.4

because I'm like listen it's terrible I would never want anyone to get cancer.

0:56.0

But when it comes to penny stocks, you know, over my 20 years, all of the, you know, multi,

1:01.1

thousand percent runners have been because of cancer.

1:03.9

And, you know, when we're talking about other sectors and, you know, and things that

1:08.1

move markets, typically it's fear-based stuff.

1:11.2

And if you've got that kind of mindset that hopefully you get from the Stady Trade

1:14.6

podcast, you can identify those as basically a lot of the times buying opportunities

1:20.2

or maybe selling opportunities.

1:21.9

And you can react to these things instead of, you know, hiding your head in this hand

1:26.5

and worrying about it. So that being said,

1:29.0

welcome back, my man. How's going? Going good. Going good. Yeah, you're right. I mean, it's, it's funny to me because, you know, I'm down in Negroago, so people come and go, right, as a resort. So you see different people, but then you have our community that we see every day. But people come and go, they find out what I do.

1:44.6

And of course, you know, you get this all the time.

...

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