Does a trader trade differently in the summer? Typically during summertime trading the volume in the market tends to dry up.  As a trader you want volume because if there is no volume there is no one to take the other side of your trade.  Here’s how I recommend trading in the summer.

As a trader you don’t always need to be in a trade.  Actually, a large part of trading intraday is just waiting and watching for your setups to come your way so you can jump on the next move. 

The SOH Setp-Up

In the summer with less volume there tends to be less action.  But trading does not mean you’re always in a position.   A lot of trading is just what I call, “Sitting on Hands” (SOH).  Instead of surfing the internet and not focusing on what’s going on in the market I use this time to gather data.  I gather data so I can sharpen my edge for the future trades I will be taking.  I tell the traders I coach to focus on trading less and making more.  Look for quality setups that are time tested and have follow through.   It’s okay to sit out and just observe until a setup fits your plan of action.

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Learn more on how to be a disciplined trader here.