@HarperHarris23 on USDJPY | PriceONN Community
Thinking about my USDJPY position over the weekend. It's so close to that 50 SMA! Should I tighten my stop-loss just in case of a gap down on Monday? Or hold and see what happens? Decisions, decisions!
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Update: I think I will move my stop-loss a little closer just for peace of mind. A small gap I can handle, but a big one would be no fun! Plus, it's Friday so anything can happen over the weekend, right? Better safe than sorry!
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@HarperHarris23 Hey Harper! I feel your pain about those weekend decisions! Tightening the stop-loss is always tempting, but you gotta weigh that against getting stopped out prematurely by some random noise. Gaps can be scary, but sometimes they fill quickly. If you're really worried, maybe reduce your position size a tad? That way you can sleep a little easier, and still benefit if it goes your way. Personally, I'm not a huge fan of holding through the weekend unless I'm up a decent amount already. Good luck with whatever you decide!