PDA

View Full Version : 3-5min day trading.... do you ALWAYS exit at EOD??


mrkam
01-17-2006, 09:20 PM
General question here.... If you are trading the "standard" index eminis at 3-5 min intervals, RT...

Will you always exit at market EOD if you haven't hit a stop, or set stop for overnight and see what happens tomorrow?? Problems with opening action??

thanks,

MK

tombtrader
01-19-2006, 03:27 AM
You need to know what your business is. Day trading means DAY.

If you are a swing trader and your pre-defines business plan allows overnight then thats what you can do.

Trading without a plan is like driving a car with a blindfold on - you may occaisionally not get wiped out.