What to Do on Stock Market Holidays

Stock Market Holidays

You may not be able to execute trades on stock market holidays , but that doesn’t mean you need to hit the pause button on your trading career.

Do you remember the tagline from the “Wall Street” movie sequel? “Money Never Sleeps.” Opportunities arise all the time, and events are in the works that can move the market even when it’s closed.

So even when the market is closed, there’s still plenty that you can do to ensure that you have a leg up on trading opportunities.

By making the most of these quiet times in the market, you can be extra prepared when the market reopens … and ready to pounce on the most promising stocks.

Need some direction? Here’s what to do on a stock market holiday…

What Are Stock Market Holidays?

There’s no big reveal here: a stock market holiday is just what it sounds like. It’s a day that the stock market is closed for the day.

In the U.S., this aligns with several major national and international holidays. Some are pretty obvious, like Thanksgiving Day and Christmas Day.

However, there are some that might surprise you, like George Washington’s birthday or Labor Day.

Occasionally, events occur that will cause unexpected closures. For example, when a former U.S. president dies, the stock market may be closed as a show of respect. While closures like this will be announced, you typically don’t get much notice.

Stock market holidays are different from seasons in the stock market. For example, many consider August a ‘holiday’ month in the stock market, because it’s traditionally pretty slow due to many people taking vacations during this time. However, the market is still open.

2019 Stock Market Holidays

Here’s a list of upcoming stock market holidays in 2019. For a full list of holidays when the stock market is closed, check out the NYSE holidays page.

  • Monday, September 2: Markets will be closed on Labor Day.
  • Wednesday, November 27: On the day before Thanksgiving day, the markets will close early, at 1 p.m.
  • Thursday, November 28: Markets will be closed for Thanksgiving Day.
  • Tuesday, December 24: On the day before Christmas Day, the markets will close early, at 1 p.m.
  • Wednesday, December 25: Markets will be closed for Christmas Day.

Worldwide Stock Market Holidays

Not every stock exchange has the same opening hours or holidays.

For example, while the markets in the U.S. don’t have any holiday closures in October, the Indian Stock Exchange is closed on October 2 for Mahatma Gandhi’s birthday. And on October 14, the Tokyo Stock Exchange is closed for something called “Health-Sports Day” (who knew?).

You can find a full list of global market holidays on the New York Times website.

What to Do on Stock Market Holidays 

No, the point of this post isn’t to tell you that you shouldn’t enjoy time off with family or friends on holidays.

However, I do want to point out that if you’re a trader with limited time (for example, if you have a full-time job), stock market holidays that occur on days that you’re off work can offer you some much-needed time to get ahead on things like studying and stock market research.

Want to be prepared and ready to go when the market re-opens? Here are some great ideas for what you can do when the market is closed:

Weed Your Watchlist 

Your watchlist is like a garden: to help it thrive, it’s necessary to remove the dead leaves and debris every now and again.

A stock market holiday is a perfect time to weed your watchlist and ditch the snoozy stocks.

Don’t get scared by FOMO. If you’ve been watching a stock for a while and nothing is happening, it may be time to cut it from your list. Sure, it’s possible that a stock could explode the day after you remove it from your watchlist. But that’s a risk you run with any stock. There will always be more opportunities.

Plan and Research

Once you cut some of the dead weight off of your watchlist, spend some time focusing on the stocks that still seem promising.

Get a little more detailed with research. If any of the stocks seem like they could be real contenders, spend a little time making some plans for potential trades.

This means setting up a sort of ‘if/then’ scenario for the stocks. Figure out potential entry and exit points that would make the trade worthwhile to you. A little planning and research can help prepare you so you’ll be ready to pounce if the stock meets your criteria.

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Review Your Trading Journal 

You keep a trading journal … right? If not, start today or start this holiday weekend. It’s worth it.

By reviewing your trading journal, you can get a snapshot of your performance and continue to improve.

Go back to your trading journal and take stock of your recent trades. Chances are, with a little distance from them, you may see some trends emerging in terms of which setups are working … and which setups consistently result in losing money.

Once you can identify these personal patterns, you can quit wasting your time with the setups that don’t work for you. Wouldn’t you rather focus on the setups that work? Devote some time to figuring that out. The truth just may surprise you.

Many of the most successful traders occasionally do this to keep improving. Why not be like those traders?

Get Inspired 

Are you falling behind on what’s going on with other successful traders? Use this time to check out social media feeds, videos, and Profit.ly posts by successful traders.

You can check out my regularly updated YouTube videos to learn more about the market right now and my commentary on my personal trades, as well as other timely trading topics. Get back in touch with the pulse of the market. It might just give you some great ideas for your own trades.

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Educate Yourself

Feel like binge-watching Netflix? Here’s what I think: Skip it if you want to be a better trader. Pop some corn and binge-watch my Trader Checklist instead!

OK, I’m not a monster. At least watch some trading videos BEFORE you start streaming the latest sensation or go down the YouTube wormhole.

Stock market holidays are a great time to revisit trading basics. Whether it’s reading, listening to a trading podcast, or browsing my DVDs, make use of this quiet time to improve your knowledge base.

Check out Other Markets 

Just because it’s a stock market holiday in the U.S. doesn’t mean it is everywhere in the world.

Even if you don’t trade in the overseas markets, you can still gain some valuable insight into the global economy by at least checking them out. You could also get ideas for trending sectors or sympathy plays.

Additionally, you can make forex and crypto trades even when the stock market is closed. So if these modes of trading appeal to you — and you know what you’re doing — it’s still possible to execute trades.

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Update Yourself on World Events 

The world doesn’t stop moving just because there’s a holiday in your neck of the woods. If you’ve fallen behind on current events, use a market holiday as an opportunity to catch up.

Remember: it’s all connected. Events that move the economy can also move the market. There can be huge value in staying up to date on what’s going on in the world.

Get Ready for Tomorrow

Are you champing at the bit to trade the moment that the market bell rings in the morning? You won’t be alone.

While the day before holidays is typically slow in the market, the day after a holiday is typically a high energy day of trading. Be sure that you’re ready to go!

Have your trading plan(s) ready, set up tabs for all the stocks you’re watching on StocksToTrade, and get a good night’s sleep. Be ready to wake up early and get to work when the market opens!

© 2018 Millionaire Media, LLC

Conclusion

Every now and again, the stock market takes a break. But a market holiday doesn’t mean that there’s nothing that you can do to advance your trading career.

By focusing on education and organization during market holidays, you’ll be in a much better position to take advantage of opportunities when they arise when the market re-opens. So make the most of these quiet times!

Trading Challenge 

When I started my trading career, there weren’t any day trading classes. I had to learn things the hard way, and I made plenty of mistakes along the way.

I created my Trading Challenge so that you can learn from my 20+ years of experience. I want to help you avoid the mistakes I made, and make the most of the knowledge I’ve gained over the years!

My focus isn’t just facts and figures, because those change. Instead, I want to help you become a self-sufficient trader so that you can adapt to the ever-changing market.

As my student, you’ll be part of a group of your trading peers who all want to become strong, smart, adaptable, and successful traders. Join them … become one of them.

In the Challenge, you’ll have some awesome resources: a huge video library, live webinars, live trading sessions, and so much more.

But know this: I’m not scared to lay down the law. I’ll tell you right now that I have zero interest in lazy students. I want dedicated students who are willing to work hard. Are you one of them?

What’s your go-to on stock market holidays? Leave a comment with your tips. 

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