MoneyTec Traders Community Forum - View Single Post - what to use to determine how long a position should be held?

patrick_fx · 07-12-2005, 08:48

Hi all,

I am a newbie who just started the Holy Grail quest.

So far, I’ve found a number of tools to help me identify the entry point. However, I don’t know how long should I hold the position. Sometimes, I hold it too short (manually close the position) and lose out the profit. Sometimes, I hold it too long (the price doesn’t hit the TP level) and the price reverses.

Can anyone suggest what to use to determine how long a position should be held?

Please advice,
Patrick

07-12-2005, 08:48	#1
patrick_fx level 2 Join Date: Nov 2005 Posts: 88 Downloads: 0 Uploads: 0 Rep Power: 3	what to use to determine how long a position should be held? Hi all, I am a newbie who just started the Holy Grail quest. So far, I’ve found a number of tools to help me identify the entry point. However, I don’t know how long should I hold the position. Sometimes, I hold it too short (manually close the position) and lose out the profit. Sometimes, I hold it too long (the price doesn’t hit the TP level) and the price reverses. Can anyone suggest what to use to determine how long a position should be held? Please advice, Patrick