Thanks, I just wanted to make sure there isn't some aspect of future trading I was missing... hopefully I can compile some more data and formulate a good entry and exit plan..... so does stockfecther or any other of the sites have backtesting available for the emini series?
No, you are correct - the market can shift overnight so if that is the reason you dont want to hold overnight its valid, as long as you consciously are aware of why you are doing it.
Yeah, the two main reasons I, and I guess most people sell before close is to shield themselves from possible bad news overnight, and the margin requirements, such as to avoid equity calls, but I'm guessing that with futures, you don't have the same margin restrictions as with securities.
http://www.cme.com/html.wrap/wrappedpages/clearing/pbrates/PBISHomePage.htm Stop guessing and get educated!
I've seen that page...... maybe I should have rephrased that to "from what I've seen...." instead of "I'm guessing...." but thanks for the thought.