On shutting down the computer after entering a trade.
With a set stop loss and take profit (plus money management of strict small percentage risk e.g. 1%), I don't see what is wrong with shutting down the computer after taking the trade. It builds peace of mind because the trader knows for certain that the worst case scenario is hitting the stop loss, but the loss has been defined already so its not an unexpected loss.
What is not wise is to trade without a stop AND shut down the computer. There might be news, intervention, if it goes against the trader, there could be an undefined and large loss, and in worst case, the dreaded margin call!
I find staring at my trade (which takes hours to develop as I'm not a scalper) unhelpful. Looking at it develop pip by pip is not the best use of my time. Monitoring it now and then is OK.
Scalpers of course monitor their trades closely, that's understandable as they are in and out of the market fast and go for a few pips.
With a set stop loss and take profit (plus money management of strict small percentage risk e.g. 1%), I don't see what is wrong with shutting down the computer after taking the trade. It builds peace of mind because the trader knows for certain that the worst case scenario is hitting the stop loss, but the loss has been defined already so its not an unexpected loss.
What is not wise is to trade without a stop AND shut down the computer. There might be news, intervention, if it goes against the trader, there could be an undefined and large loss, and in worst case, the dreaded margin call!
I find staring at my trade (which takes hours to develop as I'm not a scalper) unhelpful. Looking at it develop pip by pip is not the best use of my time. Monitoring it now and then is OK.
Scalpers of course monitor their trades closely, that's understandable as they are in and out of the market fast and go for a few pips.