Why Is It Best Not To Have Open Positions Over Weekend

By | September 8, 2014

Why Is It Best Not To Have Open Positions Over Weekend

Open PositionsNever trade in situations where you don’t have control. – Paul Tudor Jones

This week opened with a big gap for GBP pairs (153 pips on GBP/Usd, 190 pips on GBP/Jpy, 72 pips on Eur/GBP). The reason behind this big move is considered to be the result of another poll about the Scottish Referendum. As I mentioned before, I don’t believe that the reason is important. It’s just for entertainment purposes as far as trading is concerned. What is important is a money management lesson that can be learned from the price move in GBP over this weekend.

Namely, the tremendous risk a short-term trader exposes himself to if he leaves open trades during the weekend. The fact that forex is a very liquid market and most of the time the Sunday night gaps are very small or nonexistent might give a trader a false sense of security. But as it is proven once again, complacency is very dangerous. It is my belief that the best way to protect your trading account and enjoy the weekend at the same time, is to close all positions on Friday night.

89 thoughts on “Why Is It Best Not To Have Open Positions Over Weekend

  1. Jan Gannetti

    Great article and right to the point. I am not sure if this is really the best place to ask but do you guys have any thoughts on where to employ some professional writers? Thank you 🙂

    Reply
  2. Online Marketing Tools

    Very well written post. It will be valuable to anybody who employess it, including yours truly :). Keep doing what you are doing – i will definitely read more posts.

    Reply
  3. filmes gratis

    When I initially commented I clicked the “Notify me when new comments are added” checkbox and now each time a comment is added I get several e-mails with the same comment. Is there any way you can remove people from that service? Many thanks!

    Reply
  4. click

    I like the helpful info you provide in your articles. I’ll bookmark your blog and check again here regularly. I am quite sure I’ll learn lots of new stuff right here! Good luck for the next!

    Reply
  5. website

    I wanted to thank you for this great read!! I definitely enjoying every little bit of it I have you bookmarked to check out new stuff you post…

    Reply
  6. site

    I know this if off topic but I’m looking into starting my own blog and was wondering what all is needed to get set up? I’m assuming having a blog like yours would cost a pretty penny? I’m not very web smart so I’m not 100 certain. Any suggestions or advice would be greatly appreciated. Thank you

    Reply
  7. 2019 jamb answers

    I love your blog.. very nice colors & theme. Did you create this website yourself? Plz reply back as I’m looking to create my own blog and would like to know wheere u got this from. thanks

    Reply
  8. InventHelp Store

    Its like you read my mind! You appear to know so much about this, like you wrote the book in it or something. I think that you can do with some pics to drive the message home a bit, but instead of that, this is magnificent blog. A fantastic read. I will definitely be back.

    Reply
  9. product patent

    Wonderful post however , I was wanting to know if you could write a litte more on this topic? I’d be very thankful if you could elaborate a little bit more. Thank you!

    Reply
  10. MP3 Youtube

    I like this website so much, saved to my bookmarks. “American soldiers must be turned into lambs and eating them is tolerated.” by Muammar Qaddafi.

    Reply
  11. dj songs

    I have not checked in here for a while because I thought it was getting boring, but the last few posts are great quality so I guess I¦ll add you back to my daily bloglist. You deserve it my friend 🙂

    Reply
  12. how to make coffee without coffee maker

    Thank you for every other informative web site. The place else may I am getting that kind of information written in such an ideal manner? I have a mission that I’m just now operating on, and I have been on the glance out for such information.

    Reply
  13. click

    Hey, you used to write excellent, but the last few posts have been kinda boring… I miss your tremendous writings. Past several posts are just a bit out of track! come on!

    Reply
  14. homeinsurance.us.org

    I was very pleased to find this web-site.I wanted to thanks for your time for this wonderful read!! I definitely enjoying every little bit of it and I have you bookmarked to check out new stuff you blog post.

    Reply
  15. carpet cleaning surprise az

    This is really interesting, You’re a very skilled blogger. I have joined your feed and look forward to seeking more of your wonderful post. Also, I have shared your website in my social networks!

    Reply
  16. hdmi to rf modulator

    Having read this I thought it was very informative. I appreciate you taking the time and effort to put this article together. I once again find myself spending way to much time both reading and commenting. But so what, it was still worth it!

    Reply
  17. PumpsOK

    I like this post, enjoyed this one thank you for posting. “The world is round and the place which may seem like the end may also be only the beginning.” by George Baker.

    Reply
  18. homeinsurance.us.org progressive

    Thanks for another informative site. Where else could I get that type of information written in such a perfect way? I’ve a project that I’m just now working on, and I have been on the look out for such information.

    Reply
  19. InventHelp Commercial

    Good post. I be taught one thing more challenging on totally different blogs everyday. It can at all times be stimulating to learn content from other writers and practice a little bit one thing from their store. I’d favor to make use of some with the content material on my weblog whether you don’t mind. Natually I’ll offer you a link in your web blog. Thanks for sharing.

    Reply
  20. inventhelp products

    I was very pleased to find this web-site.I wanted to thanks for your time for this wonderful read!! I definitely enjoying every little bit of it and I have you bookmarked to check out new stuff you blog post.

    Reply
  21. autolike

    Hello my loved one! I wish to say that this post is amazing, nice written and come with approximately all significant infos. I?¦d like to see more posts like this .

    Reply
  22. jamb runz

    Nice post. I learn something more challenging on different blogs everyday. It is going to at all times be stimulating to read content from other writers and practice a little one thing from their store. I’d choose to make use of some with the content on my blog whether you don’t mind. Natually I’ll offer you a link on your web blog. Thanks for sharing.

    Reply
  23. mua macbook cũ

    I was just looking for this information for some time. After 6 hours of continuous Googleing, at last I got it in your site. I wonder what is the lack of Google strategy that do not rank this kind of informative web sites in top of the list. Normally the top web sites are full of garbage.

    Reply
  24. bán bông gòn

    Awsome article and right to the point. I don’t know if this is truly the best place to ask but do you folks have any thoughts on where to hire some professional writers? Thank you 🙂

    Reply
  25. How to buy a stock; step by step guide

    I wish to voice my passion for your kind-heartedness supporting women who really want help on this particular question. Your special commitment to passing the message all through appears to be quite practical and has surely made men and women like me to get to their endeavors. Your personal insightful guidelines can mean a great deal to me and additionally to my peers. With thanks; from each one of us.

    Reply
  26. lousa digital preço

    I’m still learning from you, as I’m making my way to the top as well. I certainly love reading everything that is posted on your blog.Keep the aarticles coming. I enjoyed it!

    Reply
  27. Tannenhonig

    I will immediately clutch your rss as I can not to find your e-mail subscription link or e-newsletter service. Do you’ve any? Please let me understand so that I could subscribe. Thanks.

    Reply
  28. macbook pro 2016

    Pretty nice post. I just stumbled upon your weblog and wished to say that I have truly enjoyed surfing around your blog posts. In any case I will be subscribing to your rss feed and I hope you write again soon!

    Reply
  29. http://safephotolocktool.com/

    Hello I am so excited I found your blog, I really found you by accident, while I was browsing on Aol for something else, Nonetheless I am here now and would just like to say kudos for a remarkable post and a all round exciting blog (I also love the theme/design), I don’t have time to read it all at the minute but I have book-marked it and also added in your RSS feeds, so when I have time I will be back to read more, Please do keep up the excellent work.

    Reply
  30. link

    Great write-up, I am normal visitor of one’s site, maintain up the nice operate, and It is going to be a regular visitor for a long time.

    Reply
  31. click here

    Along with the whole thing that appears to be developing within this specific area, your viewpoints are actually quite radical. Having said that, I appologize, because I can not give credence to your whole idea, all be it stimulating none the less. It looks to us that your commentary are generally not entirely justified and in fact you are yourself not completely convinced of the argument. In any event I did enjoy examining it.

    Reply
  32. concrete contractors San Antonio

    Hi just wanted to give you a quick heads up and let you know a few of the pictures aren’t loading properly. I’m not sure why but I think its a linking issue. I’ve tried it in two different internet browsers and both show the same results.

    Reply
  33. InventHelp Caveman

    Hi, Neat post. There’s an issue together with your web site in internet explorer, could test this… IE nonetheless is the marketplace leader and a big portion of people will miss your excellent writing because of this problem.

    Reply
  34. a1 home tuition malaysia

    Thanks for another wonderful article. The place else may anyone get that kind of information in such an ideal method of writing? I have a presentation next week, and I’m at the search for such information.

    Reply
  35. Kerja Kosong

    Please let me know if you’re looking for a author for your site. You have some really great articles and I believe I would be a good asset. If you ever want to take some of the load off, I’d really like to write some material for your blog in exchange for a link back to mine. Please shoot me an email if interested. Thanks!

    Reply
  36. senaraijawatan

    What i don’t realize is in truth how you are no longer really much more neatly-liked than you might be right now. You are so intelligent. You know thus significantly relating to this subject, produced me for my part consider it from numerous various angles. Its like men and women are not fascinated unless it is something to accomplish with Girl gaga! Your individual stuffs outstanding. All the time take care of it up!

    Reply
  37. Malaysia Jobs

    An impressive share, I just given this onto a colleague who was doing a little analysis on this. And he in fact bought me breakfast because I found it for him.. smile. So let me reword that: Thnx for the treat! But yeah Thnkx for spending the time to discuss this, I feel strongly about it and love reading more on this topic. If possible, as you become expertise, would you mind updating your blog with more details? It is highly helpful for me. Big thumb up for this blog post!

    Reply
  38. Jawatan Kosong Terkini

    I have not checked in here for some time since I thought it was getting boring, but the last few posts are great quality so I guess I will add you back to my daily bloglist. You deserve it my friend 🙂

    Reply
  39. jawatankosong123.com

    Thanks for some other informative blog. The place else may just I am getting that kind of information written in such a perfect means? I’ve a project that I’m just now working on, and I’ve been at the glance out for such info.

    Reply
  40. MAZER HDMI

    Magnificent website. Plenty of useful information here. I am sending it to a few buddies ans additionally sharing in delicious. And obviously, thanks on your effort!

    Reply
  41. http://www.lifeinsurance.us.org/

    Neat blog! Is your theme custom made or did you download it from somewhere? A theme like yours with a few simple tweeks would really make my blog stand out. Please let me know where you got your design. Thanks

    Reply
  42. onlineloans

    I discovered your blog site on google and check a few of your early posts. Continue to keep up the very good operate. I just additional up your RSS feed to my MSN News Reader. Seeking forward to reading more from you later on!…

    Reply
  43. una hotels promo code

    After study a few of the blog posts on your website now, and I truly like your way of blogging. I bookmarked it to my bookmark website list and will be checking back soon. Pls check out my web site as well and let me know what you think.

    Reply
  44. jordan 13

    My wife and i got very satisfied when Albert managed to carry out his web research from your ideas he got while using the web site. It is now and again perplexing to just possibly be offering facts men and women might have been making money from. So we realize we have got you to appreciate for that. All of the illustrations you’ve made, the straightforward website navigation, the relationships your site make it easier to create – it is everything impressive, and it’s really making our son and our family do think the issue is amusing, which is very indispensable. Many thanks for everything!

    Reply
  45. autoliker

    The next time I read a weblog, I hope that it doesnt disappoint me as much as this one. I mean, I do know it was my choice to learn, but I truly thought youd have one thing attention-grabbing to say. All I hear is a bunch of whining about something that you possibly can fix in case you werent too busy on the lookout for attention.

    Reply
  46. air max 2018

    I needed to post you this little bit of observation to help give thanks again considering the awesome thoughts you have shown here. It has been so strangely open-handed of you to give openly what exactly a number of us would’ve advertised as an e-book to help with making some dough on their own, certainly since you could have done it in case you decided. These secrets as well acted like the easy way to be certain that someone else have the same desire the same as mine to know very much more in terms of this matter. Certainly there are millions of more pleasurable occasions in the future for individuals that browse through your site.

    Reply

Leave a Reply

Your email address will not be published. Required fields are marked *