Agreed. I haven't held overnight at all and I still got burned. Somehow I'm still up 1.5% this month.
I need to reexamine my risk control for days like this. There's no reason that this market doesn't go up to test the July downtrend line now.
I seriously don't know why it went straight up today. I can understand the futures to some degree and the sell off (especially at the end of yesterday) was probably a little excessive but to see it shoot straight up without any sort of retracements?