What time of the day or week is it best to buy stock?

Here are facts:

The first 30 to 45 minutes of each trading day are the busiest.

A close second is the final hour of the day.

Personally, I don't trade after 2:30 PM on any Friday or when the market is closed the next day or over the weekend.

I have other trading rules I live with.

Thanks for asking your Q! I enjoyed answering it!

VTY,
Ron Berue
Yes, that is my real last name!

early monday and friday!

There is no best time or day to buy. The market fluctuates throughout the day -- every day. The best price could be at 09:30, 16:00 or anywhere in between. The same applies for the day of the week.

Once you have decided what stock you want to buy, determine the price you want to pay. Then put in a limit order and don't worry about the day or time it gets filled.

There may be a 'best' time. I have had a limit sale order on all day and the bulk of it was done after 16.00 In fact the last portion was sold at 16.29.51 !! and was a penny better than the UT.

Sometimes good sales are done first thing in the morning 8.00 to 8.10 but it all depends.
Fridays are a bit dull because of the weekends and a lot of people say buy on a dull (weather-wise) day as the traders will be despondent!

january, and every other month of the year for every year to come

the most active hour is from 10 am to noon

and i'd usually do it on monday or tuesday

Buy stocks on friday, most of the time they are lower that day
Sell all stocks in May, Re-buy in Sept.

let us understand the approach :::: the question and the answers are suitable for day trader - not applicable for long term investor. this is not even suitable for F&O segment.

now let me answer to your question:

a) If you are expert in technical analysis and have enough data on volumes - trade (enter the market) on the first hour of trading and come out of the market before mid day and re-enter by 14.00 hrs and just in an hour come out of the game.

b) if you have little input - and clear on technical analysis and have no data of the previous day trade - enter the market by about 11.30 hours and close before 12.30 hrs. -- by the afternoon - you will be flooded with Global cues and you can enter the market by 14.30 hrs and get out of the market 15 minutes before closure.

c) with this trading trend don't carry forward the trade for the next day - this tactics will not work for the next day. even at loss you should quit the market on the same date.

[p.s.] I don't do day trading - I am a long term investor - enter the market during fall and exit market when stocks goes up i.e on mid-way. I will not be waiting for bottom fishing or for peak. I will go by fundamentals and don't follw technical analysis, or be guided by volume.

Actually I don't think that buying a good stock depends on a day or week. One of the things people are always asking me is how can I find a good stock. The answer I give does not please them. I say, "You are not qualified to pick stock. You don't know how so don't try. Put your money in a no-load mutual fund that is going up".

The next cry is, "I don't want to buy mutual funds. What do I do?" OK, so I'll tell you. It is easy. You will have to do less than an hour of work. None of that Wall Street mythology about research which is all horse hockey. The way Wall Street does research is worthless. And don't listen to any broker. Advice from a broker is a eulogy for your money.

They want you to look at the company prospectus. This document isn't worth the paper it is printed on. It was not written for the investor; it was written to pass inspection by some Dilbert lawyer in Washington to see that it meets all the regulations. You can take a prospectus of a very good company and one of a company that has gone bankrupt and you will see they are almost identical. Throw them away.

Read the Annual Report. Another bit of smoke and mirrors. The title should tell you - Annual. Much of what is in it is a year old. Worthless. And let's hope it doesn't have a case of Enronitis.

Get a report from Morningstar. They know all about every financial statistic for a company that you can think of. You might even find out how many sugar lumps the CEO has in his coffee, but there is one thing you won't learn. If you buy this company's stock will it go up? What I am saying is that all the conventional wisdom methods of doing research are worthless. So what do you do?

On the Internet you can find a list of the best performing mutual funds. Go to www.smartmoney.com or www.yahoo/finance.com . There are other places also, but these 2 are very good. List the top 5 mutual funds (write down their symbols). Now go to www.bigcharts.com . Put in the symbol for one of the funds. A chart will come up giving you a picture of the price performance of that fund. If it is going up at a 25-degree angle or more it means the fund manager is doing a good job of picking stocks. At the top of the chart picture there is a legend for Morningstar. Click on that. The new page will show near the bottom the major holdings of this fund. Again you need to get the symbols for his top 5 stocks and look at the chart picture for each one. If that stock is going up in a nice steady price over a period of time of 6 months or longer you have found a winner. Do this with several funds until you have found some stocks you like.

You have let a professional stock picker do all the work for you and now can piggyback his expertise at no cost. Please remember that when that stock turns down you want to sell it. You may be able to ride one up, but you can never tell when it will turn into another Enron. Always be ready to sell.

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