Holding overnight positions

[brownsfan019]

	Quote:	BlowFish
	Why not trade something that's got an out of hours session?

Since futures trade round the clock, it does make holding positions overnight easier, but I prefer to get a little sleep now and again.

[smwinc]

I do yes, but I think my situation is slightly different because of my timezone. I'm in Australia, so I can monitor the trade throughout my day (US session night). This helps with the emotional side of things.

[notouch]

If you're going to actively trade during the Australian and Asian sessions why not trade Australian and Asian stock index futures?

[The Bear]

	Quote:	notouch
	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.

[erierambler]

	Quote:	brownsfan019
	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.

Some people have two accounts, one for short term and one long term. Naturally the long term would hold overnite and would be a swing trade. I have no reservation holding overnight.
erie