I think that holding overnight is feared by many when it shouldn’t be. I trade using spread betting rather than CFD and short trading can be expensive on indices as you have to pay any dividends back but when long you get paid the dividends which helps considerably – even if technically the price should fall in line with dividend payments…. and I don’t short indices anyway as you are fighting an unbeatable long term trend.

Quick question… is it your own momentum indicator that you use or a well known one?