Am I in dangerous position?
I did not manage to close my position before Friday closed.
Very good question! The kind of question you should be asking yourself placing each of your trades.
There are no dangerous trades. But do not get overconfident – all of them are risky to some extent.
There are gutsy/ballsy or silly trades or plain stupid trades as well. These are the trades when you forget , refuse to follow or do not know(sic)about risk/money management and position sizing hehe.
The whole idea of trading is to eliminate ‘dangerous’ trades and create the process of trading only with calculated risk in mind :)