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Strategies & Market Trends : Buy and Sell Signals, and Other Market Perspectives
SPY 670.92+0.1%Nov 7 4:00 PM EST

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John
To: GoodGord who wrote (77615)1/5/2016 8:53:08 PM
From: GROUND ZERO™1 Recommendation  Read Replies (2) of 218589
 
Exactly right... I want to trade the short side, but I don't want to hold a short position overnight and have this market open 30 SP points higher, it's just not worth the angst of that kind of thing... I would rather enjoy a solid night's sleep, have a good leisurely breakfast, and then casually watch the market open and then plan a strategy for the morning or day...

The alternative is to hold an overnight position, not enjoy the evening TV movie, get to bed later because the market is jerking your money around, wake up in a cold sweat a few times, panic and think the worst, well, it's not quite like that, but I think you get the idea... and then wake up early and pray your account isn't blown out, only to find the market moved 35 SP points against you and now you're ready to barf up your breakfast, that is if you haven't lost your appetite for breakfast in the first place... LOL!!!

The choice between the two is not too hard to make...<g>

GZ
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