Year-end cleanup: what do you do with open positions?

Closing the year: flatten everything, or hold the positions you believe in through the holiday gaps? The decision combines tax thinking, gap risk and the psychological value of starting January clean.

What's your practice?

• whether you flatten or hold into the year change
• the risk rules for year-end holds
• the January gap that greeted a held position

The weekend gaps guide covers the holiday gap mechanics.