Do we need to watch our open positions to make sure we don't go to loss.

If it is possible then investor should see this but many periods we cannot do it because of this we can use stop-loss and take benefit then we can near the foundation and i think investor is not necessary to see the business all-time because that period stop-loss and take benefit will the consideration.

if we trade for long term we dont have watch our position but have to set take profit
and our stoploss so even that we dont see our open position we can make our trading always under control.

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Originally Posted by taimur15

i agree with you . lekin trade ko open kr k ajeeb c feelings hoti hai check krna aadat ban jati hai . aur ye sahi kha aap ne ager take profit aur stop loss use krain to is ki zarurat nhi rehti.

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agar ap ko apni emotions ko control karna hay tu ap ko es ko bar bar check nh karna cahiyay . agar ap es ko chk kartay hay tu ap es ko jald close kar day gay jis sa ap acha profit kabi earn nh kar sako gay .:good:

By watching market movement for sometime you can understand the market conditions and also know well where a particular pair is taking support and where it is getting resistance - if you know about a range well, it is then easy to enter profitable trad

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I don't find a necessity of monitoring our trades always as long as we have a good MM and a stop loss . most traders lose big without using a stop loss , and many beginners tend to avoid it thinking of if the price would just bounce back from there and so . this is not a good idea if you can't watch market for long , or you wanna kill your account yurself .

I was so motivated to write this article after viewing yet another senseless ad about that monster we call weight loss and inform as many people as possible of the safe, natural effective process of weight loss with hypnosis. It will help you to know I have worked with thousands .

I come to the trading platform evening after completing all the necessary works of the day and try to stay on the trading platform while a trade is open.In case of emergency if I have to leave I always close the order because if I don't the market situation may become very bad and that time I may have to face a great loss or wait for too long time for getting a better situation.So it's better to close the order although the trader may have to accept some loss.

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Originally Posted by Jazpa

Do we need to watch our open positions to make sure we don't go to loss.
I forgot to close my trade and very next day I did not get any chance to view my trade. And later when I got to my trade all my money was gone. If I had been there keeping constant eye upon the trade, perhaps I will not be broke. So what do you all do? When you have to go for any urgent jobs, would you leave the trade open?

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This is a very serious thing to me, as most traders are very often forgotten even deliberately do not use Stop Loss, but very important for every trade that we should go along with the use of Stop Loss order our money safe from Margin Call. Hopefully useful and could be a lesson to you all, especially the beginners in the world of trading.

I think we need not to watch our open positions to make sure we do not go to loss because there are stop loss and take profits which we can use and make sure that we do not go too much in to loss and also we can have decent profit so there is no need to monitor our ope positions all the time.