Question for those who trade 24/7 markets

[d08]

Put in a stop-loss or put in a VERY LOUD sound alert to be sure to wake you up when the price moves to a certain level so you can decide manually to close or keep it open.

That sounds awful, no quality of life. Automation or conditional broker orders are the way to go.

 

[_eug_]

I've done the no sleep thing, or at least a "nap" between US close and Asia open. It's most important to be available from London Open onward anyway. I think its worth it if you can make a few thousand bucks ... not worth it if you end up losing.

 

[treeman]

You’re doing it wrong if you think you have to stare at the markets.

 

[_eug_]

You’re doing it wrong if you think you have to stare at the markets.

You are probably right, but there were a few trades in NQ or CL that if I were not to be available at the first two hours of London session I would have gave up most if not all of my open P&L. Obviously this is more of an issue if you take trades counter the bigger picture trend.

 

[trader99]

You’re doing it wrong if you think you have to stare at the markets.

While I agreed that in principle, but in practice there are certain price actions I look for to exit optimally. I guess I could try to quantify that. But it's more on a case by case.