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There are no rules against holding overnight but risk is minimized if trading is strictly restricted to within the day. I sleep better at night when I know have no open positions overnight. How the market moves after the closing bell does not affect me and I start the next day with a new state of mind.

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While the general populace tries to figure ways to save money so that the family car can be filled up with nearly $100 worth of gasoline, the super rich are jetting to private showings and fittings in various countries or having their own private sales consultants flown in from Paris to assist with six figures worth of couture expenses.