If I choose to do that, what are the pros vs cons? Any advice/suggestion will be greatly appreciated.
If the price moves out of your range , you have to consider your risk management, and your sentiments about the market , if per your analysis you believe price will bounce back then it’s fine to hold your trade . If you are investing for the long term , 6months – years then it’s okay to hold that’s if you still believe price will move back up . If not best to close your trade and move on to the next