And then some. While this is far from hard and fast, it should always be in the back of your mind in the morning.
“Amateur hour is 9:30 to 10:30,” said Michael Murphy, a hedge fund manager with Rosecliff Capital. “Smart money trades later in the day. Risk is definitely to the upside here.”
There’s an old Wall Street maxim that the so-called dumb money trades early and the smart money comes in late