In One Chart: How traders are most bullish when the market isn’t actually open, in one chart

Traders are most upbeat in the hours before the stock market opens and after it has closed, according to a study by StockTwits, a social network for active investors.

The company’s chart below shows how sentiment turns more bearish with the approach of the market open at 9:30 a.m. Eastern Time. It then hits its lowest point right around the closing bell at 4 p.m.


Why the more foul mood during the actual trading session?

“When money is at risk, people are more nervous,” the number-crunchers at StockTwits said in a blog post. “Money is more likely (or perceived to be more likely) at risk while the markets are open.

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