What is the difference between an "intraday" and "overnight position"?

Asked Jul 18, 2014
In Intraday trading, you never carry overnight positions. In other words, all open positions are exited before the market closes and you will have a net profit or loss based on your trades.

In Positional trading, you will carry overnight positions based on your trading method, risk management approach and the time frame of interest. You could be positional with 1-2 day time frame as the basic reference period to book profits or you could carry trades longer for a week or so or months. The canvas is open to you.

Answered Oct 17, 2014

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