05/01/2020
When and why do I hold trading positions over the weekend?🤔 Part One
As every experienced trader knows there is a chance that the market gaps over the weekend. Especially when political and worldwide events happen like the US attacking the Iran etc. 🌍
The risk of holding a position with a stop loss over the weekend is that the market could gap over it and you are losing more than you were willing to risk.😰
Let’s have a look at an example: I’m holding a CADCHF short position since Friday.
Number one factor I look at, when opening a position before weekend, is: Do lately politics and events correlate with my trading asset?🧐
In this case it’s very unlikely, because the focus now is on the US, USOIL and other assets. The Canadian Dollar or Swiss Franc shouldn’t be affect if something volatile happens on the weekend. 💥
Leave a comment below if I should post Part 2 next Sunday!💪🏻