Do Traders Take A Summer Break?
Ah, summer. It’s the time when many of us take a holiday, relax, and spend time with family and friends. But what about traders? Do they ever get time off? Should they down tools in the summer months? Today, we’ll take a look before going over some of the top fundamental events you can trade this week, if you’re not on holiday!
Is it okay to take a break?
Firstly, let’s get the obvious out of the way. YES, you should take a break!
80% of people agree that after they have travelled they noticed a significant drop in stress. Research shows that a four-day weekend can have positive effects on the brain. Stress and overall well-being, this positivity can last up to 45 days.
72% of Boomers stated that they find vacations fun, and relaxation and 67% state their health benefits come from spending time with their loved ones.
The most common health benefits of travel are improved emotional wellbeing (54%), spending time with loved ones (52%), improved energy (35%), intellectual curiosity (34%), and mental clearness (30%).
Trading is about being switched on and making many fast decisions in a short space of time. To do that effectively, you must be well-rested, recharged and ready to go!
Summer is a great time to take a break because trading volumes tend to be lower during the summer season, which can make it more difficult to execute trades. Secondly, the markets can be more volatile during the summer, which can increase your risk of losses.
Two things every trader wants to avoid.
Trading in the summer — the upside
Having said that, summer trading can also be advantageous. Less competition from other traders can give you the edge. Also, because of the slowdown, the markets can be more predictable during the summer, making it easier to forecast price movements.
Where Do The World’s Top Traders Vacation?
Warren Buffett bought a beachfront vacation home in Laguna Beach, California, in 1971 for $150,000 equal to approximately $1 million in today’s money.
George Soros has several homes, including a Southampton estate where the billionaire hosted his 80th birthday party in 2010.
Paul Tudor Jones purchased Casa Apava, a nearly 6-acre oceanfront estate at 1300 S. Ocean Blvd. in an enclave known as Billionaires’ Row. The self-made billionaire dropped $71.2 million for it!
There’s a theme running through these vacations. We need a vacation house on the beach!
What about you?
Are you taking a summer break this year? Do you find it helps you focus? Let us know by tweeting us at @_contentworks!
Top fundamental events this week
Here are all of the main events coming up in what looks like a pretty busy week for the markets.
Monday, 24 July
No major events are planned.
Tuesday, 25 July
● EUR — German Ifo Business Climate
Wednesday, 26 July
● AUD — Inflation Rate YoY Q2
● USD — Fed Interest Rate Decision; Fed Press Conference
Thursday, 27 July
● EUR — German GfK Consumer Confidence AUG; Deposit Facility Rate; ECB Interest Rate Decision; ECB Press Conference
● USD — Durable Goods Orders MoM JUN; GDP Growth Rate QoQ Adv Q2
Friday, 28 July
● JPY — BoJ Interest Rate Decision
● EUR — Inflation Rate YoY Prel JUL
● USD — Personal Spending MoM JUN; Personal Income MoM JUN; Core PCE Price Index MoM JUN
Here at Contentworks we closely follow market movements and prep content that we think your traders would love to read. Let’s get you started right here.
Speak soon!
The Contentworks team
