Some people wonder the sheer number of days the Stock Market is open in the states. This is a critical number because some of the online day traders want to calculate the amount of money they need to make in one day, to replace their recent salary. The numbers below denote standard Stock Market hours of which span from 9: 50 to 16: 00 Far east Standard Time.
Some futures markets will trade substantially as 16: 15 Eastern Understood time.
The markets to put it succinctly open for the every single trading session Monday Around Friday.
I have very little included after hours handling, pre market trading, your cash (FOREX) markets, international real estate markets or GLOBEX.
So lets discuss the number of working days in 2008 by few weeks:
January: 21 days
February: twenty Days
March: 19 Days
April: 5 Days
May: 21 Days
June: 20 Days
July: 23. 5 Days (The 0. 5 is the fact , July 3rd, 2008 is a half day for create a market)
August: 21 Days
September: 11 Days
October: 23 Days
November: 19. 5 Days (The 0. 5 is the fact , Nov. 28, 2008 is a half day for create a market)
December: 21 Days (I counted the. 5 day on the Dec. 24, 2008 together with. 5 day on Dec. 26, 2008 as 1 day)
This brings do you want trading days in '08 to: 250 trading months in 2008.
So the top wanted to replace an income of $100, 000 every year before taxes, we could try to deliver the following math:
$100, 000 divided by 250 trading days equals $400 dollars on daily basis.
The trader would then you may an average net cash in hand of $400 dollars in one day in 2008 (after earnings, software, data services, taxes among other overhead is factored straight into the picture. )
Many traders do not trade on daily basis for selection of reasons, but at least you know the maximum numbers of days you will possible trade in '08.
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