The main point that i want to advocate here is face our fear. Overcome it. Reach for the sky. If others can get an ROI of over 200% per month. Why can’t i? What is it different about them and i?
On higher timeframes like daily charts, you usually don’t need to avoid trading for weeks before an event. Price can still trend normally until the actual release. For shorter timeframes like 1h or 4h, it makes sense to be more cautious a day or so before, especially if liquidity dries up.
As for open trades, many traders choose to either scale out or close positions 30–60 minutes before a major release if they don’t want the extra risk. Others keep them but reduce position size or widen stops. It really depends on your tolerance for volatility, but having a clear plan for news events is key so you don’t make emotional decisions in the moment.