Attention....Could I have your attention please!

[They]

This thread was directed at traders, not investors. Traders tend to use more leverage than investors.

Overnight leverage for 'buy and hold' is the same overnight leverage as 'buy on close and sell on open'. All of the traders I know expect their trading strategy to beat buy and hold.

I'm curious, are you saying as a trader you are not going to research buying at 1 or 2 std dev below the day's close and exiting on NY open or buying at European open and exiting on NY open? As a trader would you just accept the article's conclusion as the best trading strategy out there and expect it to magically continue with the same results for the next 25 years?

What were the results of the strategy October through December 2018? Just curious if a 'trader' would suffer through 3 months of bleed.

 

[dealmaker]

Traders please read the article below. I will tell you first hand, it goes against everything you hear from the so called gurus. The gurus say go into the overnight session FLAT. Data shows you should do just the opposite. BUY THE CASH CLOSE........ SELL THE CASH OPEN......... RETURNS ARE WELL DOCUMENTED.


https://www.nytimes.com/2018/02/02/your-money/stock-market-after-hours-trading.html

There are two sides to every story...

 

[Rickshaw Man]

For one to get a tax break, the government has to take it from another. Nothing new.

Trumpy claimed, "Most people will see a reduction in taxes. Only a small percentage will see an increase". Well, I'm in the tax-donkey "increase" group, as always.

Small business tax rate went from 35.00% to 21.00% After I claim my business deductions it will be even lower. Cost $700.00 to setup the entity in my state. Well worth it.

 

[pipeguy]

Traders please read the article below. I will tell you first hand, it goes against everything you hear from the so called gurus. The gurus say go into the overnight session FLAT. Data shows you should do just the opposite. BUY THE CASH CLOSE........ SELL THE CASH OPEN......... RETURNS ARE WELL DOCUMENTED.


https://www.nytimes.com/2018/02/02/your-money/stock-market-after-hours-trading.html

Once you will get a morning gap that will eat all your overnight gains. Bloody night I would call it.

A lot of things can happen when markets are close. You pay for safety closing positions insight a day

 

[Rickshaw Man]

Once you will get a morning gap that will eat all your overnight gains. Bloody night I would call it.

A lot of things can happen when markets are close. You pay for safety closing positions insight a day

Thats called risk! Play it safe and trade during the day if you so choose.

 

[Scataphagos]

Small business tax rate went from 35.00% to 21.00% After I claim my business deductions it will be even lower. Cost $700.00 to setup the entity in my state. Well worth it.

Is that the "pass through" tax rate? Does being a trader qualify for that?

 

[shatteredx]

2018 results, posted this in the SP500 thread already:

 

[Overnight]

I started testing this idea on the ES in sim, but have not been able to follow through with it consistently due to it not being a priority for me. I'll post some results when I can maintain the consistency and discipline it requires on the timing of the trades.