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?
This do depends on the situation and also the emotion and thinking on my mind on that particular moment.There are indeed times which i do really hold off my trades if i do wait for something.
Time span? It is totally random yet there are really times which i do really let those orders open and wait up for some time where price do really make out some action.
Sometimes my patience isnt really that long for me hold a particular trade which doesnt really give out immediate results or outcome.
When i do saw that the price is moving sideways for too long then most likely i do really decide to make out some repositioning.