Is it true that if anyone is trading long enough that they will eventually get caught by a bad news holding overnight? I usually trade with stops like 20-30 cents but will sometimes hold overnight if the stock is above my long entry. There is always the small chance that the stock I'm long has a surprise bad news the exact night afterhours I hold the stock which makes it gap against me 3-4 points. Do other traders take this consideration into their trading plan? My 1R risk would turn into a 10R loss. Any ideas or stories about this to share? Thanks!