Aren't you, daytraders, missing most of the upside potential by not being overnight?

[crgarcia]

Just after a dip?

 

[empee]

but they also dodge dates when the market opens down -100.

Plus if your using substantial leverage (which most are to make up for volatility) you can't take that kind of heat.

 

[sunggong]

Quote from crgarcia:

Just after a dip?

Does the market go up every single day?

Or at least 95% of the time?

I would much rather make money 95% of the time....

 

[gaj]

i hold almost nothing overnight because i don't want that risk.

if i'm *daytrading*, by definition, that's why i'm not holding something.

my choice. no rule says you have to be daytrading. you can take on that extra money i'm "missing."

 

[smilingsynic]

The long-term upward bias of the stock market is reduced to nothing if one does NOT hold overnight. This even applies to high-flying stocks like Google.

Intraday, on the whole, there is no trend. Close minus open is essentially nothing, on average.

I daytrade AND position trade, so as to capture both.

 

[stock_trad3r]

daytrading will leave ALOT of profit on the table since most gains are made before the open.

In a bearish market selling at the close may be a good defensive move but not anymore.