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Re: overnight trading
bicpetrisor is absolutely correct: stop loss and take profit should be the key to anyone's profitable trading strategy, not just limited to overnight trading, trading while you work, etc.
I trade on the 15 min and the 1 hr charts, and if a position hasn't attained my "goal" and I need to go to bed, I simply rely upon my SL and TP to take me out of the trade.
At night, if my position is closed out, it plays a .wav file (I like "CHA-CHING" the best!), and if I'm awake and halfway interested, I will get up and look at what happened.
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