Some people wonder how many days the stock market is open in the United States. This is a very useful number because many of the online day traders want to calculate how much money they need to make per day, to replace their current salary. The numbers below represent standard stock market hours which usually span from 9:30 to 16:00 Eastern Standard Time.
Some futures markets will trade up to 16:15 Eastern Standard time.
The markets are usually open for the normal trading session Monday Through Friday.
I have not included after hours trading, pre market trading, currency (FOREX) markets, international markets or GLOBEX.
So lets take a look at the number of trading days in 2008 by month:
January: 21 days
February: 19 Days
March: 19 Days
April: 23 Days
May: 21 Days
June: 20 Days
July: 22.5 Days (The 0.5 is because July 3rd ,2008 is a half day for the market)
August: 21 Days
September: 21 Days
October: 23 Days
November: 18.5 Days (The 0.5 is because Nov. 28,2008 is a half day for the market)
December: 21 Days (I counted the .5 day on Dec. 24, 2008 and the .5 day on Dec. 26, 2008 as 1 day)
This brings the total number of trading days in 2008 to: 250 trading days in 2008.
So if you wanted to replace a salary of $100,000 per year before taxes, we could need to do the following math:
$100,000 divided by 250 trading days equals $400 dollars per day.
The trader would then need to have an average net profit of $400 dollars per day in 2008 (after commissions, software, data services, taxes and other overhead is factored into the picture.)
Many traders do not trade every single day for a wide variety of reasons, but at least you know the maximum numbers of days you could possible trade in 2008.