Originally posted at forexfactory on Oct 10, 2010
Originally Posted by nahman
Does anyone here holid positions over the weekend or do you see it as too risky?
Also if people make a trade on friday and do not plan to hold position over weekend, when do you close and what paramaters do you have on friday trading ie, buy before a certain time on friday and close on just before 7am saturday EST.
Any help much appreciated!!
An option is lets say you want to hold a position into next week but don’t want to take on the weekend risk. You can exit your trade on Friday between 12-4pm, then come Sunday morning you can re – establish your position at the same level or you can wait for a dip which sometimes can happen.
Of course the risk you take is that the market gaps in your favor and doesn’t look back, but you can at least sleep easy over the weekend.