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Strategies & Market Trends : The Final Frontier - Online Remote Trading
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To: TFF who wrote (2296)1/10/1998 11:03:00 AM
From: TFF  Read Replies (5) of 12617
 
Holding Winners Overnight:

Often many daytraders tell me they do not hold overnight unless the trade is closing strongly in their favor.

What happens if the market or sector the stock is trading in, gaps dramatically in the opposite direction of your trade the next day at the opening?

Will the fact that the trade closed strongly prevent it from moving dramatically in the direction of the gap?

Are you willing to assume that risk on a concentrated position?
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