DislikedCan someone tell me when they manually close a trade that is going against them? I was thinking, if a trade is already going against me and there is a candle close above/below the M5 line, then it would be a good idea to close the trade manually instead of having the SL hit for -10 pips.
What is everyone else doing? When would you close a trade manually?Ignored
Then if it hits the SL then it closes. Next.
Holding longer is not only risking more, it is wasting other opportunities.
Well thats the plan anyway, but sometimes the rails shift & I fall off. It's normally when I let other factors outside my plan influence my trades - and then guess what happens.
cheers scalpz
Target 2 : Stoploss in the green