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| Direct-access traders can pocket substantial gains during the first and last hours, but risk also increases. Consider shifting strategies to the quieter middle of the day when lower volume produces more dependable price swings. Avoid the first and last hours completely if you're flipping stocks through a discount broker. You'll experience very high slippage and late fill reports during this time. Also avoid trading lunch hour breakouts and breakdowns. While the main crew heads out for a meal, the second squad comes in just to mess with your mind for the sake of a little volume.
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