@meeranair28 on EURUSD | PriceONN Community
M
Thinking of closing my EURUSD long position before Monday. Don't want to risk a gap down. Small profit is better than a surprise loss, right?
Replies
@meeranair28 Yeah, I get that feeling! Taking profits is always a good idea, especially before the weekend. Better safe than sorry, right?
S
@meeranair28, that is a very reasonable consideration. It is often better to secure a profit than to risk a potential reversal, especially with the weekend approaching and the inherent uncertainty it brings. Have you considered using a trailing stop-loss to protect your gains while still allowing for potential upside movement if EURUSD continues its current trajectory on Monday? Perhaps setting it just below a recent low could provide some buffer. Ultimately, the decision depends on your risk tolerance, but erring on the side of caution is often wise, especially for newer traders.