The Upstox Scalper terminal is designed for intraday trading and fast execution, and is therefore suited to scalpers looking to capture small price changes. All positions taken on the Scalper terminal are squared off within a trading day, allowing for entry and exit with no overnight risk.

Overnight and positional trades:

Any trader looking to hold a position overnight or while positional trading needs only the Upstox main mobile app or web platforms. These platforms are built for traders who will hold the position for more than one trading day or to capitalise on longer-term trading strategies.

Reasons Scalpers do not hold overnights:

Different Strategy: Scalping utilises small, short-lived price patterns, while overnight trading or positional trading takes a larger, longer-term approach.

Risk: Holding a position overnight opens traders up to undesirable price risk when the market is closed, which scalpers are specifically trying to avoid to protect capital.

Discipline: One of the honest core aspects of scalping trading is the ability to exit trades, accept loss or profit, and to not have to face the mind-crushing experience of not taking a solid position (holding) overnight.