VasilTodorov
Well-known member
which one do you like more? live trade or set and forget? tell me why and tell me which one you are using now.
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- Thread starter VasilTodorov
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ArnavDeshmukh
Well-known member
Believe or not, a bit of both!
I always like to have an safe haven investing in something that I see growing in the long term. So I buy and hold assets, especially Gold.
Day trading is also a thing, I use simple lines to read the chart and find entries but I never hold my trades for long. Especially not during the weekend. I don't want to see those gaps.
I always like to have an safe haven investing in something that I see growing in the long term. So I buy and hold assets, especially Gold.
Day trading is also a thing, I use simple lines to read the chart and find entries but I never hold my trades for long. Especially not during the weekend. I don't want to see those gaps.
Imogen Beaumont
Well-known member
set and forget is a lot more relaxed but I prefer to sit and brave through the trade if I have the time.
FreddieWikiFX
New member
When I have time I would like to live trade which is more of high-tense but mostly I will opt for set and forget with my trading system.
Yes will do a lot of analysis before the trade but when it's set. Simply forget about it. I think I am following some good advice from trading experts.
Yes will do a lot of analysis before the trade but when it's set. Simply forget about it. I think I am following some good advice from trading experts.
Polakandil
Well-known member
To avoid temptation, I think set and forget is better, but the weakness of set and forget may be missing a good opportunity because the pattern could change without being noticed. I am a mix between the two, short-term trading plans prefer live trade, and long-term prefer to set and forget.
ArnavDeshmukh
Well-known member
Decent point of view!
papaya_financial
Well-known member
I’ve tried both, and honestly I prefer set and forget because it keeps me from overthinking and staring at the screen all day. Once I set my stop and target, I just let the trade run and it feels less stressful. Live trading can be exciting, but it’s easier to get emotional and make mistakes. Right now I’m mostly using set and forget since it fits better with my schedule and mindset.
VasilTodorov
Well-known member
yes i agree, set and forget has lower win rate but you have easier mind!
Imogen Beaumont
Well-known member
Actually, the opposite works for many! I mean long-term investment is what makes them profitable.
But that is not the way I would prefer right now!
I prefer “set and forget” because it reduces emotional decision-making and helps manage risk through pre-planned entries, exits, and stop-losses. Live trading can be stressful and impulsive. Currently, I’m using a “set and forget” approach, relying on automated strategies and alerts to maintain discipline and consistency.
eleanorkim
Well-known member
I’m more of a set-and-forget type. Live trading stresses me out way too fast. I’d rather place my levels, walk away, and not babysit every tiny move.
papaya_financial
Well-known member
I prefer live trading because I like watching price action and reacting to setups as they form. It helps me understand market behavior in real time and adjust my risk or exit when needed. I use Valetax since the execution is fast and the charting tools let me monitor trades smoothly. Set and forget works too, but I find live trading keeps me more engaged and disciplined.
I agree. A set and forget approach on H4 and D1 helps a lot with patience and avoiding emotional decisions. ATR based stops make sense too since the stop is volatility adjusted, and if you size the trade off that stop, your risk is defined before entry.
I’m more of a set-and-forget trader most of the time. Once I’ve done the research, I’ll place the trade with a clear stop loss and a target, then let the plan play out without watching every tick. That helps a lot with emotions and keeps me disciplined. If a high impact news event is coming up, or the fundamentals change, I’ll reassess and manage it, but otherwise I try not to interfere. Imo, having the plan set before entry is what makes set-and-forget work.
I like set and forget more, mainly because the more I live manage a trade, the more chances I give myself to do something stupid out of boredom or nerves. If my plan is solid, it shouldn’t need me babysitting it for three hours. What I’m doing now is mostly set and forget with alerts. I’ll check in if price hits a key level or if things get messy, but I try not to turn a simple trade into a full time emotional support job.
Amphibology
Member
I tried live trading once and it turned into way too much screen time and second guessing. I would see every little wiggle and feel like I had to do something, which usually meant overtrading. Set and forget fits me better because I can plan the trade, set the stop and target, size it so the risk is defined, and then let it play out without babysitting it. It keeps my emotions quieter and makes it easier to stay disciplined.
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