Scataphagos Jul 21, 2009 #11 Quote from randy33: I should hold that meeting with myself everyday before open too. I daytrade so any position not closed has something wrong with it unless itsa late-day acquisition. More... There's a "conventional wisdom" about traders not holding positions overnight. In spite of the potential news event risk, it's not always correct. Sometimes it's EXACTLY correct to hold overnight.
Quote from randy33: I should hold that meeting with myself everyday before open too. I daytrade so any position not closed has something wrong with it unless itsa late-day acquisition. More... There's a "conventional wisdom" about traders not holding positions overnight. In spite of the potential news event risk, it's not always correct. Sometimes it's EXACTLY correct to hold overnight.
I intradaybill Jul 21, 2009 #12 Support becomes resistance and resistance becomes support. They are just faces of the same coin.
