Dec

2

 If Fridays are the best day of the week (mood wise) and traders are happy and prone to take chances, but lock in profits to be safe. And Mondays are the worst day of the week (mood wise), back to work, the grind–but some energized from the weekend all studied up and ready to go–would not Wednesday morning then be the mid point in terms of mood? Facing the long tiring day–won't be over the hump till next morning, knee deep in the work week, probably surly or strained.

Tired, stressed and stuck in the middle–how to take advantage?

Victor Niederhoffer writes:

One would count.

Kim Zussman adds:

The weekly cycle in happiness appears to suggest livejournal bloggers don't like work or school. Wednesday is the maximum distance from the weekend, and happiness peaks on Saturday.

I would argue lots of adults are TGIM'ers.

Even without looking at the market, in the old days you could often tell if it's up or down by looking at spec-posts:

Permabull/permabear post ratio and tone.

Adam Robinson comments:

A lot, a lotta work has been done quantifying moods using corpus linguistics. Here's one interesting paper on time of day/day of week mood cycles.

Phil McDonnell replies:

Gallup Daily Poll has done a decent start to confirm that the phenomenon of weekly mood swings is quite real. The linked daily graph of US mood makes it quite clear that there is a weekly cycle. The next step is counting in the market as the Chair suggests. 

J.P Highland writes:

My Friday attitude toward trading depends on how the previous 4 days were. If justice was found I play it safe looking not to finish in foul mood and have a sour weekend. If things went bad I become overly aggressive looking to bring my PnL back to green but usually the outcome is bad.

Victor Niederhoffer comments:

This is right out of Bacon I believe with the 8th and 9th race in those days, now the 17th and 18th on the card, being people like us trying to get even by playing the long shots.


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