I am in the days I did trading on Forex and I wanted to sleep and But I can not sleep and I'm on a rotation that you are in my position this is what you do Are you sleeping or complete the trade? I want your opinion ?
Can you sleep and you are trading in any transaction?
- Thread starter jdallas156
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I have some positions opened since September of 2011. I would die if I couldn't sleep with them 
.
.If I can sleep in a dirty foxhole while a nearby 155mm Gun fires, trades won't bother me. I've slept many times while I had trades in progress. Not being able to sleep should show you where you need work. Sometime at night when the body demands a pitstop, I may stop long enough to check on a continuing trade but nothing more.
Yes you can sleep with open positions. You can use Stop loss and Take profit in your trades . It will automatically close your position on desired pips. It is not necessary to watch trades all the time.You can use pending orders . Before trading deep analysis is necessary . with open positions you can be at ease if you not want instant trading. Be relax to use different tools.
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Yes I can do this. Forex facilitates in it to me I can use take profit and Stop loss if I am not watching my trades . If I feel market will move to any position I can use pending order with TP an SL it will trade for me During my sleep or absence. It is not necessary to see market all the time with open positions. You can use these tools and have a rest.
For many traders, sitting in-front of the chart watching profit/loss bounce is a recipe for disaster. It is where trading system rules are usually broken due to emotional outbursts.
Finally after all that the position size! Thank you herculesfx.
You know there is something I observe in humans & traders.
They seek an element which is 'the illusion' of control.
Trading is a great thing for fooling ourselves into
thinking we will be able to do some things and gain
the satisfaction of that desire.
I should inform you of something now which will save you
the inevitable disappointment. True control is not there
and the market is always the boss.
Anyway the risk control of position sizing is another and
more professional trade planning method that does let you
take the control over yourself.
If you want to get a real nice money management and trade
handling technique that will control Fear and Greed at the
SAME time plus let you sleep all the way to the bank
Google "The Trouble with Today's Technical Analysis".
Nothing like having free riding positions.
It's about just past half way into the video.
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I understand what you mean, and I am a new trader myself but I do not lose any sleep over my positions. I set my stop loss levels and trust them. I know there are times when you lose money and that it is part of trading. I would not jeoperdize my health in my pursuit to earn money.
No I will prefer to monitor trades when positions ar open . I will not sleep, If I sleep I will close all positions or do necessary steps for this as use Stop loss and take profit on preferred pips. I usually use instant and manual trading and seldom do trading with EA because I fear they will bring more loss to me.
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