A few words on why I don’t use limit orders to open my positions.

We often see traders placing limit orders, the market rises, and they expect the price to return to the marked level, order block, etc. In my opinion, the danger of this method is that a price retracement could be triggered by unexpected events or data, and nothing guarantees that after the order is triggered, the price won’t move directly to the stop-loss while the trader isn’t monitoring the market.

In another scenario, the market might reach prices close to the limit order but not enough to trigger it, and then the price moves in the trader’s desired direction without them, leading to a disappointing "frontrun" entry in their journal.

In my view, the only correct approach to trading is a deliberate decision made "here and now." You assess how well the price action aligns with your plans and the overall market situation. For example, if you wanted to open a buy position at lower prices and then those prices appear during a negative event that continues to unfold, the better option might be to wait.

Once you’ve decided to open a position, determined the risk size, and set the levels for exiting the trade, only at this stage can the trader step away from the market, with active orders in place.

Of course, to improve results, it’s preferable to manage the trade by evaluating new data as it comes in. However, when opening a trade, you should already know at what price your plan becomes invalid and at what price you will take profit