Trading Holiday Reminder: May 28 is Memorial Day

Day Trading Coach

Monday, May 28 is Memorial Day. Markets like the E-mini S&P 500 will observe different hours, so be sure to check the official CME calendar. On Memorial Day, the E-mini will halt at 1 p.m. ET and reopen the same day at 6 p.m. ET. Essentially, the E-mini shuts down for about five hours. The market halt also applies to the CME’s equity, interest rate, FX, NYMEX & COMEX products (markets). If you’re not in US/Eastern time, remember to convert these US/Eastern time hours to your time zone’s equivalent.

After Memorial Day, the next major trading holiday is Independence Day (July 4, 2018). We will post those details closer to that date.

Watch out for potentially slower than usual markets on Friday, May 25. Often times, we see slower activity on the Friday before three day weekends. And yes, you should still be trading the ES 06-18 contract until the rollover date in June 2018.

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CFTC Rule 4.41: Hypothetical or Simulated performance results have certain limitations, unlike an actual performance record, simulated results do not represent actual trading. Also, since the trades have not been executed, the results may have under-or-over compensated for the impact, if any, of certain market factors, such as lack of liquidity. Simulated trading programs in general are also subject to the fact that they are designed with the benefit of hindsight. No representation is being made that any account will or is likely to achieve profit or losses similar to those shown.

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Hypothetical Performance Disclosure: Hypothetical performance results have many inherent limitations, some of which are described herein. No representation is being made that any account will or is likely to achieve profits or losses similar to those shown; in fact, there are frequently sharp differences between hypothetical performance results and the actual results subsequently achieved by any particular trading program. One of the limitations of hypothetical performance results is that they are generally prepared with the benefit of hindsight. In addition, hypothetical trading does not involve financial risk, and no hypothetical trading record can completely account for the impact of financial risk of actual trading. For example, the ability to withstand losses or to adhere to a particular trading program in spite of trading losses are material points which can also adversely affect actual trading results. There are numerous other factors related to the markets in general or to the implementation of any specific trading program which cannot be fully accounted for in the preparation of hypothetical performance results and all which can adversely affect trading results.

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