[Soultrader]

	Quote:	james_gsx
	Those of you who were in the chat with me last week watched me take a 100ym loss in 15 minutes. Kind of sucks when the market opens below your stop. Goes to show, unless you can afford the draw down and have proper risk management don't hold anything over night in this type of a market.

I have talked to several fund managers and head of trading for investment banks. They have told me that in Japan at least many hedge funds are going flat at the close because they are getting killed holding overnight positions.