Oversleep on monday and this is what happends.....Hopefully the market isnt dead by the time I get to my office.
Wow, just when I thought it was all over... now I'd say there's about a 1% chance of this trade working out.
The market decides how long I hold it for! Basically as long as it keeps making money, I will hold it.
That being said, my losers are usually done with in a matter of seconds-minutes. Winners are usually a few hours - pit closing. If it has advanced a good deal by the close I have the option of moving the stop up and leaving it overnight.
My R zone for tommorow is 112 35/320 - 55/320 and I certainly don't want to ride back up there with open contracts for the re-test which may or may not come back down. So I have no problem re-shorting tommorow up there, and if it wants to tank right now, bonus.