Kev:
Thanks , as usual, for your figures.
------> I'm still convinced (at this point) that I should hold positions overnight if the trend is still intact.
I'm curious if you have any method to back check on your overnight held postions and examine results with comparision to elimination of positions at close.
It could well be that I'm a very poor trader but I kept track of my trades on the OEX for several years and discovered that the bottom line improved with my not carrying anthing OEX overnight. The last one that got away from me was Labor Day in 96 and it cost me better than 50% of my investment.
I realize that sometimes the trends stays intact and potential profits are lost by closing daily, but when I tallied it up---I came out ahead by not carrying anything overnight. That could well just be me , but thought I'd throw it out for discussion at any rate.........
Kinda like betting on horses-----I kept records for several years and found betting to win maximized my profits, no place, no show, just straight win only. Sure , I missed a lot of place and show payoffs, some of the longshots were double and even an occasional triple digit place payoff, but when I tallied up ROI (return on investment) win bets proved best for me.
Just a thought, not a lecture..........ggggg
Regards---Nemer
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