Let's say we already have everything when we open a trade, we already have a stop loss order, target price order or initial take profit price order, etc.
My question is do you consider closing your trade if those orders didn't trigger for some time?
Because for example, the trade you opened becomes sideways or stable, and no pumps or dumps happened that triggered your orders, so for some time, your trade is still open.
So, do you have a limit for your trades? Like 1 day, week, etc? If nothing happens, are you closing those trades manually?
Yes, I usually do that, but I don't have that time limit. As long as I feel and want to do it, I'll just do it, hit it and cancel that trade. I don't know what triggers me but maybe being impatient that nothing is happening.
And after for a while, will think of another price target for SL and TP and that's it.
I guess it's normal for the majority of that since we're all having different thoughts about the market and all of a sudden, we change our minds when we don't see any move.