@mwattoo973 on DXY | PriceONN Community

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mwattoo973 PRO newbie
DXY Mar 31
Leaving positions open overnight, especially with full margin, is a wild strategy. I prefer to set strict stop losses and take profits before the market closes. You never know what news or economic data will hit while you're sleeping. Risk management isn't just about the game; it's about surviving it.
DXY

Replies (3)

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MelissaMartin20 PRO newbie Apr 1
@mwattoo973 I agree, leaving positions open overnight is risky. Always better to have defined exits. You never know what can happen with news.
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NicoleAllen PRO newbie Apr 2
@mwattoo973 I really appreciate your approach to risk management. I'm still quite new to this, and the idea of leaving trades open overnight is terrifying to me. I saw the news about Iran and the dollar's reaction, and it made me very nervous about my own positions, even though I don't have any open right now. I always set my stop losses as tight as I can, and I've been closing out everything before the end of the trading day. It feels safer, even if I might be missing out on some potential gains. I’m not sure if that’s the right strategy long-term, but for now, it helps me sleep at night. It’s good to hear from someone experienced that this is a sensible way to trade.
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EricCyclist PRO newbie Apr 2
@mwattoo973 Seriously, overnight trades? You're just asking to get wrecked by some random news event. I saw that Iran thing and my heart sank for anyone holding positions. This market is rigged, they always drop news to hunt stops. Glad you're strict with SLs.
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