SPX

Hey, this is NorthRay.💪

Remember how I said I was going to open a trade on Apple?

Well… I tried. Honestly.

I spent the evening watching the AAPL chart, preparing, analyzing everything. But I decided to wait until morning so I’d be fresh.

I wake up at 8 AM Moscow time. Open the terminal. Click on Apple.

…Nothing.

The chart is frozen. The price isn’t moving. The Buy and Sell buttons are greyed out.

My first thought was: “That’s it. I got blocked. The broker is dead. The internet broke.”

And then it hit me.

The U.S. stock market was asleep.

At 8 AM Moscow time, it’s still the middle of the night on Wall Street. The exchange wouldn’t open for several more hours.

That’s how I learned markets operate on different schedules.🤐

I had to postpone Apple. But I couldn’t just sit there doing nothing.

So I checked which instruments were available at that moment. I saw SPX (the S&P 500 index — basically a basket of 500 major U.S. companies).

Unlike Apple, SPX is available for trading almost 24 hours a day with many brokers (through CFDs — contracts for difference). So I was able to open a trade in the morning.🤥

Instrument: SPX (S&P 500 Index)

Type: Sell

Volume: 0.10 lot

Stop-loss and take-profit: Set (of course)

Why Sell: The market looked overbought to me, and after yesterday’s rally I expected a pullback

The trade is still open. No result yet. We’ll see what happens.

I used to think trading was basically 24/7. Sit down whenever you want and trade.

Turns out… not exactly.🧐

The Forex market operates 24 hours a day,...