if you are able to do that and you are disciplined I think it's also good at hand when you hit each SL are able to get out of the market and continue to trade you for the next day
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i agree whether you are a short-term or long-term trader, setting a stop loss is a good strategy to check the amount of loss, its very important to limit the losses for we a seeking good profits at the end so unless we minimize the loss we cant have good profits
10pips is easily achived..but i want to know what is you sl...
10-15pips movement we can see within few second..if your sl is also 10 pips its meaning your trading is close with in few minuts...in this condition you have more chance and time for open new orders..
Generally i use to set a standard take profit of 100 pips and stop loss of 50-60 pips in all my positions but most of the time when i am online i used to manually close when i have the profit which i expect in that particular trade
mere khaya lse bhi dono trading strategies ka apna apna role hota hai..
short term tarding me aap quickly paisa bana sakte hai lekin sime kayi bar thdoa thdoa profit hota hai
jabki long term trading me aapko wait to katrna padta hai lekin isme profit bhi bahut acha hota hai..kayi traders 400-500 pips ka tp rakh ke deals ko close karte hai jisse ek sath kafi profit ho jata hai