Everyday, when the OPENING PRICE is flashed, somebody made a fortune while somebody leaves the game. Trading is a zero-sum game: when one wins, somebody else must lose.
Overnight gaps can be one's best friend or one's worst enemy! If one recklessly leave an overnight position, HOPING the gap will act in his/her favor on the following day, most of the time, it seems to act against him/her, isn't it? Especially when HOPE is in the picture ... ...
The killer comes when one have an excessive overnight position and the whole position turns against him/her at the OPENING PRICE. When the painful decision to cut loss came into realisation, he/she leaves the game ... ...
My friends, as long as we are in the game of trading, there always exist the possibility that one day we might be invited or forced to the EXIT. The next mistake which is too dear to pay for might just be IT.
Respect the market and it will pay you dividends. Mess with it and it will show you to the door.
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