How do u sleep in peace and leave ur trades open?

Anything overnight I always have a hard stop loss! Intraday positions I have soft stop losses, in case the broker does go 'hunting' :-)

www.tradefxlive.co.uk/blog

Strangely in over 5 years of trading my stops have never been hunted.

This is a deeply revealing question. How do you sleep in peace while leaving your trades open?

In my opinion, if you cannot rest while your trades are open, then you are holding too much of a position overnight or you are forgetting about stops.

Be confident in your abilities as a trader and realize that as long as you are respecting risk, your account balance will take care of itself.

If you can't sleep at night while trading, then do one of the following:

1. Stick to the day session.
2. Trade less size overnight
3. Set a tight stop which will not hurt you terribly should it be hit.

Hope that helps you...these are the steps I had to take to be able to hold trades overnight. I eventually decided just to only day trade and not let myself hold while I am not there to actively manage the trade.

I dont sleep while leaving my position in a market alone...

I took a trade either buy or sell with TP 10 pips & sleep Everyday...............

Nothing strange about that TJ.

As most have already stated, accept the risk as a loss and imagine the worse case scenario.
You must learn to enjoy your loss as it will teach you more and more about yourself, it will teach you how much you can tolerate to lose and what to risk on your next trade.
The main thing you must achive in order to sleep in peace while you leave your trade open is to control your emotions. Questions like; how about if its a loss? How bout if its a win?... That will keep you up all night. Your state of mind must be neutral at this point.
Next time you leave a position open over night take 15-20mins to review and see if its worthy or not, simply place your stops and exits and before you walk away you must convince yourself that neither you or I can predict if it will be a loss/win. If you follow your rules and take a loss... so be it, it was not meant to be but you will be relieved by knowing that by the use of your stops you now have another chance at it.

Personally i find it very rewarding when i wake up the next morning with much more than if i would of stayed up all night scalping, it doesn't mean i don't wake up to losses. The more you do it the more experience you will get and the more automatic it will become.

Cheers~

Why does day or night make a difference in the stop loss? Shouldn't you have the same amount of confidence in your entry and stop no matter what time it is or if you are watching or not?