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.
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?
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