Tell me about your trading.

[Idealism]

Both can work, and both can go bad. Live trading can save you when the market spikes, but it can also tempt you to micromanage and break a good plan. Set and forget keeps you disciplined, but if your entry, stop, or risk is off, you can come back to a nasty surprise. I mostly use set and forget now with a simple plan, then check in at key times instead of staring at every tick.

 

[Orthotonic]

I lean more toward set and forget most of the time, it lets you stick to your plan without getting pulled around by every tick. But there are definitely exceptions where a live read on price action helps avoid a bad entry or catch a better spot. For me it’s mostly set and forget with a clear structure, and only go live when the context really justifies it.

 

[borzy]

Set and forget works best for me on H4 D1 with ATR based stops because it removes my urge to babysit. I still live manage only on red news days and that cut a lot of emotional errors

 

[Rickshaw]

I prefer set and forget but I don't really 'forget'. I rely on trailing SL but still check manually if the market looks too chaotic. Sometimes we enter a trade when the direction was clear but after few hours the market sentiments switch up and I keep adjusting the levels live just to stay out of the danger zone. Because I got first hand experience with the news overpowering my rules quite a few times.