Post
Topic
Board Trading Discussion
Re: How long do you hold on a trade.
by
Darooghe
on 14/12/2019, 13:11:40 UTC
trading has been a difficult process for novices and minor traders. it could be tempting most times if you dont understand the market movement and TA. you might loose patience and cancel out a trade you might regret later. i have cancel out many trades that later ended up in huge profits. i have also cancel some successfully. i just curious to know if there is any sure way to this trading were by you hold on a trade.
It was hard for me to understand at first but I suggest creating a strategy and plan that allows you to know when you'll exit with profit or with loss before executing the trade. It does not matter how long your trade takes. time is arbitrary and you don't control the market. set up a trade and wait for it to either hit your take profit or stop loss. sometimes the move you expect takes 10 minutes sometimes it takes 10 days or 10 weeks. If you don't have patience you are going to have a bad time.