Outside of the risks associated with holding overnight and margins, is there anyone here who does/has hold overnight positions simply b/c there's no reason to exit your trade at 4:15pm EST?
What I mean is - outside of the 4:15pm 'deadline' for trades remaining as daytrades vs. overnight trades - has anyone held a position overnight b/c there was no systematic reason to exit?
Reason I ask is that with the
VBC's, the charts are very clean and while it can take HOURS to print a candle, that's ok if the trade remains in your direction. As a matter of fact, I think we've seen bigger moves occurring during the overnight session some days vs. what we get during the day. The VBC quickly and easily cleans up the charts (I'll post an example or two later) and if I just looked at my charts there would be no reason to exit ignoring the time scale.
Just wondering if anyone has held a position into overnight and how you managed it b/c the 4:15pm deadline was not enough to force you out of a trade. I've mainly viewed the 4:15pm deadline as just that - a deadline to exit your trades, regardless if you would normally exit or not outside of the time deadline.