What to do: You open a trade, you are sure that you will close it manually and when the next 4-hour candle closes. You go to sleep 😴 to see when you wake up surprise!
Having too much liquidity ruin your trade, leaving you with a bigger loss than expected – or worse, no account to trade with. Sound familiar? If it hasn’t happened to you (yet), trust me it will. That’s why I never leave a soft stop loss and always use a hard stop loss. Here are 10 reasons to understand why: