Traders Laboratory - View Single Post - Holding overnight positions
View Single Post
  #14 (permalink)  
Old 12-14-2007, 10:03 PM
The Bear The Bear is offline
The Bear has no status.

 
Join Date: Mar 2007
Posts: 171
Thanks: 0
Thanked 0 Times in 0 Posts
Re: Holding overnight positions

Quote:
View Post
If you're talking about equities then yes holding a day trade overnight is a bad idea because of gaps. For 24 hour futures markets you can leave your stops in place to protect your profits.
Or your stop could get blown away from a big gap in these 24 hr futures markets if it was set too close to the market. It depends on the market, some gap more than others...even if they are '24 hr' markets, there is a short period when they close then open again. Between this short period of time, gaps do occur in alot of markets.

Reply With Quote