[notouch]

I frequently hold overnight positions. I agree with Dalton when he says you're putting yourself at an immediate disadvantage if you must exit the trade at the end of each day. There are some circumstances where it is so highly probable that a continuation will occur in the overnight session that you're just throwing away money if you don't leave the position open. I would regard today as one such day where if you have a short position open and you decide to close it for no other reason than that it happens to be 1615 then you're just throwing away profits.