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Does anyone have any tips on not micromanaging trades, set and forget or sit on hands and watch? I can typically see the larger target, but I end up taking the smaller target getting caught up on the one minute (sometimes I have to depending on the setup) and all the ups and downs. I find myself wanting to trail and lock profits in or often once prices moves a few points bring to break even(bad habit). I know the simple answer is just sit on my hands. Maybe I’ve answered my own question; any insight would be greatly appreciated. Thanks in advance for the input.
Process oriented goals #1.
Can you help answer these questions from other members on NexusFi?
I typically time on a smaller time frame a one minute and look for my areas of entry and exit on a larger time frame say 5,15, and 60. So essentially I should just be sitting on my hands not getting caught up in the ebb and flow of the one minute chart.
For the most part I get it. It's just me. I guess this was just one of those dumb questions. I was looking for the magic answer lol. It's crazy because I think new traders or doubtful traders are looking for the magic Kool aid. Just taking the lickens and learn from them is the only way. I need to stop doubting. @Big Mike Thanks for the reply.
not sure what you are trading and trade size, but one way some traders deal with this is to take partial profits on a smaller time frame, and leave the rest for the larger time frame.
You have to test this over a large sample size to see if it is effective for you.
