dont watch an open position move thats how you play where your mind will make mistakes and ruin everything in trading and knowing where you are doing in trading.
dont watch an open position move thats how you play where your mind will make mistakes and ruin everything in trading and knowing where you are doing in trading.
it depend ure strategies if ure strategies is set and forget and use sl tp that will be not problem and ussually that strategies is using by trader who use midterm and long term strategies however if u strategies using sortterm or scalping strategies it will be ruin if u not monitoring
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 trades.
you are right, we do not have to watch the charts if you open a trade. if the position we are in a state of loss, of same. watched or not the position of the loss condition. and conversely if the profit would still profitQuote:
Originally Posted by mutivo
maybe we need it. but as long as we are confident with the decision of a trading plan that we have made, and we've put up a stop loss and take profit, I think we do not have to look at the money we have made the trade. it can also affect our emotions.
aesa nae hota aur ye lazmi bhi nae hay kay aesa ho. aap ko trading may jaisay jaisay experience aata jata hay waisay waisay aap aik achay trader bantay jaatay hain. iss liay ye stop loss ka use kerna safety kay liay bhohot lazmi hay.Quote:
Originally Posted by radean
Yes, if you keep looking at your monitor, then your emotion will get uncontrolled :pQuote:
Originally Posted by hendarto
but if you want to leave your chart, make sure you have set your take profit and stop loss, to prevent your account from margin call
I think depends on every trader trading strategies. because there are traders who use the strategy of long-term, so they definitely would not monitor open positions at any time. which is important if we can not monitor our position at all times, we had to put the TP and SL. because after all we would not really know where prices will move, so we have to prevent the loss is too great.
That stop loss function, he served to prevent you from losing all your money.
If you are a long term trader type, probably a safe way to leave your PC is to install a stop loss, because it's such a rare type of trader to always looking at changes in movement chart ..
we dont know where will market move in upcoming time. we need to watch the chart at the time when we are going to open trade.but after open trade we should put stop loss or take profit