Overnight leverage for 'buy and hold' is the same overnight leverage as 'buy on close and sell on open'. All of the traders I know expect their trading strategy to beat buy and hold. I'm curious, are you saying as a trader you are not going to research buying at 1 or 2 std dev below the day's close and exiting on NY open or buying at European open and exiting on NY open? As a trader would you just accept the article's conclusion as the best trading strategy out there and expect it to magically continue with the same results for the next 25 years? What were the results of the strategy October through December 2018? Just curious if a 'trader' would suffer through 3 months of bleed.
Small business tax rate went from 35.00% to 21.00% After I claim my business deductions it will be even lower. Cost $700.00 to setup the entity in my state. Well worth it.
Once you will get a morning gap that will eat all your overnight gains. Bloody night I would call it. A lot of things can happen when markets are close. You pay for safety closing positions insight a day
I started testing this idea on the ES in sim, but have not been able to follow through with it consistently due to it not being a priority for me. I'll post some results when I can maintain the consistency and discipline it requires on the timing of the trades.