@emilyjones60 on GBPUSD | PriceONN Community
Anyone else holding GBPUSD positions over the weekend? I've got a small long position open from earlier in the week. Debating whether to close it out now to avoid any potential gap risk on Monday. I'm thinking I might just tighten my stop loss to breakeven and see what happens. The potential upside is still there, but I don't want to get caught off guard if there's some unexpected news over the weekend. What are your thoughts on managing positions over the weekend? Any advice would be appreciated!
Replies
I'm also holding a small long position, @emilyjones60. I'm a bit nervous about the weekend gap risk too. Tightening the stop loss to breakeven sounds like a smart move. I might do the same just to be safe. I'm still trying to get a handle on risk management.
I'm also holding a small GBPUSD long over the weekend, @emilyjones60. Tightening your stop loss to breakeven is a smart move to manage risk. I'm more concerned about the lack of volatility. A gap up would be ideal, but a gap down could trigger a cascade of stop losses. Good luck! 👍