Successful traders know that in one minute the market will move to a small distance, in 5 minutes - to go a little further, one hour - even more, and who knows how far he can go for a day or two or week. Beginners or unsuccessful traders want to trade in compressed (short) periods of time, thus limiting the potential size of the profit.
By definition, they deliberately limit their profits and choose the scenario of unlimited losses. So do not be surprised by the fact that so many traders do not have achieved positive results in short-term trading. They have closed themselves in a losing situation, because we are convinced that the money can earn a maximum of only catching market highs and lows during a single trading day. This is misleading, by the way, applies to trading systems vendors and brokers. At first glance, this error is supported completely rational statement: the best trade can only be for one day, and in any case not to remain open trading positions for the night, then you can not be affected by the news, or any major change, in other words - to limit your risk. Note that this is an absolute fallacy. First, your risk is controlled by you. And your only control in the trade - it is an established stop (stop-loss point) - the level at which you close your position. It is possible that the next morning may be marked by the opening of a gap on your stop-loss (and these cases are extremely rare), but in this case, you can limit the damage, with the feet and a strong desire to close losing trades. Unsuccessful traders hold on to their losses, and successful - get rid of them.
At the time of the establishment of the position of the stop-loss, you can only lose a certain number of previous funds. Regardless of the time, when and how you opened your position, your stop-line limits the risk. In this case, your risk is the same, you get the point of maximum or absolute minimum of the market.
If you refuse to make a position overnight, you are limiting the amount of time when the need to grow your investment. There are cases that the market opens against you, but if you are on the right track, then, most likely, the market will open for the benefit of you.
Second, check out the sale at the end of the day, or at some other time of the artificially created (for example, built in a five or ten minute chart), you personally are limiting the potential for profit. Remember that the difference between successful and losers in trade that cling to their recent losses. Also, the difference between them is that the winners as long as possible keep their profitable positions when the losers come out rates "very soon." The feeling is that the losers can not bear to stay ahead of the game and out of the rates too soon to get even malomalskoy profit.
Remember, do not make a lot of money, not having learned to keep their advantageous positions. Hold as many of these positions, you increase the potential profit. The success of a trader can be compared to the farmer: in order to get a winning return on investment, take time.