Fall into the gap

Beginner Questions
1

Wow, doing my setups today and I can’t remember seeing so many gaps over the weekend (July 7th 2024). I wanna ask, how many of you guys try to close positions by end of day, or at least Friday?

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2

I would love to answer your questions but I did not have any open positions at the time

3

By the end of the day, always. I didn’t hold overnight at all during the last decade. I occasionally did, long ago, but I sleep much better, this way.

(I can’t decide whether the post above this is serious or ironic?!).

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4

…but yeah, I can see how one could sleep better

5

I close trading on Friday

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6

No trades on the weekend, only crypto if I see a decent entry.

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7

Before deciding to close positions over the weekend, I would like to have in my hand some statistical analysis of the results of my chosen strategy, closing v’s holding.

Remember that there is upside risk as well as downside.

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8

It only depends on my SL and my analysis! If I feel a potential structure break, I do close them.

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9

LOL you probably mean you stop trading? Or you close your trades, right?

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10

I’ll hold over the weekend every now and then, but try to close by Friday afternoon.

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11

Closing trades before weekend

12

I usually try to close my positions by Friday.

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13

Helloooo! :blush: I also try to close my trades on Fridays (unless I’m in a long-term trade following a trend). :thinking: I find that I can’t help but check on my open positions every now and then, and I don’t want that stress during the weekends. :sweat_smile: How about you? Did you happen to leave them over the weekend? :smiley:

14

I only trade daily charts that are trending and my stops are usually big enough to cope with gaps. Furthermore, my strategy is an open and forget so I don’t bother thinking about a position after it’s opened. I check in occasionally to see how it’s all going. But nothing more. I sometimes forget to even check in on a Monday morning (which is not good, but Mondays are often very slow anyway.

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15

Hey. I would love to have all positions closed by Friday, but if I opened one late in the week and it hasn’t hit my target, then I’ll wait.

16

Sorry, the above reply was for you.

17

Yesterday, I faced an even bigger gap on gold. I work with multiple brokers, and with one of them, it was a disaster. None of my pending orders, TPs, or SLs were triggered; all of them were triggered at a different price. I’m going to end my trading with them.

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18

So in general you only close trades when they hit SL?

19

LOL right, totally right jajajaja

20

Yea I feel you. It is really hard to lose even when you have done everything . use brokers with low gaps, check their chart before you trade with them