How do you calculate the entry and exit of your hour / day positions?
How do you calculate the entry and exit of your hour / day positions?
hi,
I’m not yet experienced enough to keep positions open for more than few hours, I’m more scalping at 1-15mins because I don’t trust so much my current skills for predicting the trend.
Yet, I’m closing the positions too early so I would like to improve my profits.
So, can you share your experience? When do you open but more important, when do you close the position?
For closing position you’re using TP, SL or just Market order?
If you don’t want to share your tricks here, a private message would be also fine.
thanks
There is nothing bad to scalp if that is what is working for you, but it will not be good to scalp ten trades while just single one to liquidate your trading funds, that is why you can try and analyze the market very well before you trade. Although, trading is very risky, a 15 minutes open position can result to profit while waiting for more time might go otherwise in which the trader will lose, but if you analyze correctly, keeping the trade for like 1 hours to 3 to 4 hours might yield more profit. But best to do is what is making the profit for you, all to avoid in trading is loss.