My premarket read was a ghost town wearing a costume

Set an alert on something at 6am because the chart was climbing in a nice tidy staircase and I thought fine, real buyers, I'll take a small starter before the bell. Filled, felt clever, then the open arrived and the whole staircase turned out to be about four prints spaced twenty minutes apart. Price went straight back through where it started and my "trend" was basically one guy with a limit order and a sleep disorder. That research piece here about premarket volume put a number on it that was smaller than I wanted to admit, and worse, most of the minutes don't trade at all. I've been reading a candle that was drawn by nobody.
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IndicatorSkeptic
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GapHunterMike· 26d ago
premarket chart is a rumour not a chart. always was.
SlowSwing_Sam· 25d ago
love that you were up at 6am to get chopped, mate. some of us were asleep and got the exact same fill at 9:31 with less trauma
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FiveMinFiona· 25d ago
This is why I don't plot anything before the bell. A 5m candle built from three prints has the same shape as one built from three thousand, and nothing on the chart tells you which one you're looking at. If you must look, treat the last half hour before the open as the only part with a pulse, and even then wait for the first real 5m to close.
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