I agree with daedalus, and have experienced the same thing.
My biggest problem is continuously monitoring the charts. When I see things going against me, I get a sinking feeling, start to panic, and want to exit early. In fact, I HAVE exited early because of panic, only to see things turn around again and go through my previous TP.
Of course, it depends on your strategy and time frame, but for a 4 hour chart or higher, I believe that daedalus is exactly right ā set your SL & TP and let it ride. What happens happens. You canāt avoid losses, but you can limit them ā hence the SL.
As we all know, if your money management is good, you can have more losing trades than winning ones and still come out on top.
Personally, I donāt like to have to sit at my computer all day or constantly be near it so I can check the charts. I like the āset it and forget itā method. It gives me much more freedom to do the things that I have/want to do. You just have to make sure you know what youāre doing before trading that way, which means having a plan and sticking to it.
Terry