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Hi Guys, how long you hold position ? (in Profit or Loss)

alunix (alunix)
Mar 24 2013 at 21:41
27 posts
Hi Guys, how long you hold position ? (in Profit or Loss)
Helllo other fellow trader, just want to know how you guys manage open position, how long you would hold for that, in minus position or profit position? and why ?
Thanks in advance
No Risk - No Gain
PayPip (PayPip)
Mar 25 2013 at 05:36
28 posts
This all depends on your tolerance for risk and the size of your potions. If you trade small your ability to hold trades is magnified, if your size is to large you will be pushed out of your position sooner than later.

Having said that, I use the VIX to determine my reasonable expectation for a daily move. VIX under 19 I look for .5% moves. VIX over 19 I look for a 1% move.

VIX presently is trading at 13.57 this tells me to look for a .5% daily move.

EUR opened at 1.3018 so .5% (65 pips) move would be 1.3083 on the high side and 1.2953 on the low side. This to me is a reasonable expectation of a daily move based on volatility.
alunix (alunix)
Mar 30 2013 at 05:16
27 posts
thanks Paypip. for mw mostly less than a day.
im still new at forex, need to learn much thing
No Risk - No Gain
Mar 31 2013 at 06:13
14 posts
Each position must be calculated
If you trade in a day
Or dealer a long move
What do you expect of the position
How much risk you are willing to take
In short
Should study the market well
Learn strategies
And trading tactics
Difficult to explain in a nutshell
alunix (alunix)
Mar 31 2013 at 06:15
27 posts
thank you mam_dotcom, still need to learn much thing in this new forex world.
still have to use demo account i guess. cant risk much :D
No Risk - No Gain
Mar 31 2013 at 08:14
14 posts
Philip Cupin (traderhere)
Apr 21 2013 at 17:02
1 posts
Hi guys and gals presently I am holding open positions on the eurusd with a loss of 25 pips as I am short I still believe my trade will go into profit even though this pair trading on a 3 week high I would be interested to know your thoughts for next week
Ifs its going to be its up to me
May 04 2013 at 19:20
3 posts
Hey great advise above, ATR is the key, work out your position size based upon SL levels required. I myself hold positions far to long until they become profit, hedging and waiting for the market swing sometimes 200+ pips.
With small accounts the main aim to preserve our profits when they come, having price action come into profit & then retrace only to stress our margin levels always makes me feel ill. So I like to 'Make hey whilst the sun shines' & collect my profits early.

The most important factor of any trade I believe is entry, great entry's reduce stress levels & increase enjoyment 10 fold :)
Donchian Channels, Aroons even Fractals can really help find that entry your looking for and reduce risk dramatically when opening positions.
May 07 2013 at 05:40
7 posts
intra tradng was the best option with proper stop loss and take profits seting
Pacific Scalp (Alpscalp)
May 24 2013 at 14:28
113 posts
SL and TP determines. Usually between 10 min and few hours till max 24hour. But thats because we hit.

I never have worked with a strategy which was time depending. Like if the.. is not hit after .. then ...

Would love to see an example though
May 26 2013 at 06:58
17 posts
I Try to stay as less as i can. 24 h Max. Average Time of thee hours. Most of the Time less than an hour.
I think it really depends on your trading style.
moerwadi (moerwadi)
May 31 2013 at 00:13
293 posts
depending on the price of the next move (google translate)
May 31 2013 at 17:10
38 posts
As long as my TP n SL need to... hehe...
Jun 01 2013 at 19:08
16 posts

I think that the real question you should be asking yourself is : What time frame to trade and where to place stop loss and set targets. Without answers to these questions you will not close loosing trades and you will be closing profitable trade very early.

I think that as long as a trade did not touch its stop loss or take profit levels then it should stay opened. Remember, trading big time frames require keeping a trade opened from several hours to several days .

As you are a beginner, i advice you never to risk more then 1% on the overall positions you have in the market.

Good luck and safe trade.
Adrian Matusiak (adrian8891)
Jul 11 2013 at 14:21
696 posts
My EA Robots hold position from around 30 minutes to max around 6h. But it is enough to make +800 pips in week.
PAMM MANAGER // Professional Fund Manager
Jul 11 2013 at 21:27
85 posts
As far as my TP and SL
Aug 21 2013 at 10:08
12 posts
It is all on you: if you are scalper, long-term trader or intraday trader. As for me, I never let the trade to stay over the night. If it didn’t reach SL and TP I close it anyway with the NW closing.
Aug 21 2013 at 11:01
8 posts
George_W posted:
It is all on you: if you are scalper, long-term trader or intraday trader. As for me, I never let the trade to stay over the night. If it didn’t reach SL and TP I close it anyway with the NW closing.

As for me, it doesn't matter to close the positions before going to bed. If have your SL and TP then what is wrong with keeping your trades open?
Sep 05 2013 at 12:11
13 posts
Sometimes i keep the position open for a couple of days in the raw. Nothing bad will ever happen if there is a SL
CrazyTraderfx (CrazyTrader)
Sep 05 2013 at 15:28
1718 posts
It doesn't really matters.

it only depends on what type of trading style you use:

My style is like that:
Swing --> no sl, duration: months
Day trading --> SL & TP, duration: less than a day
Scalping --> SL:10, TP:19, duration: few sec to 30 min.
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