Posts Tagged "overnight position"


A rule of thumb that I cannot stress more is: Do not do "overnights" if you are a daytrader. An overnight is a trade that has not been closed by the end of the trading day and held to the next day. Why? From my own personal trading and from what I have observed when I was at my prop trading firm, is that overnighting losing daytrading positions (trades where you are already losing your shirt) usually results in bigger losses. It's...

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