Create Your Trading Strategy - How to Exit a Trade to Maximize Profits

Here is the link.

Exit is emotion. Either you cut gain or losses. We think that cut game is bad, cut loss $1 feels $3.00.


Exit criteria

2:47/ 7:38
When will you exit trades?
Can you exit early on a manual exit?
If yes, what do you need to see?
I use the analogy of a 747.

Disqualifiers

I will exit the trade manually when I lose:
Qualifier 1:
Qualifier 2:
Qualifier 3:
Qualifier 4:

Trading edge, ditching hope

4. Drawdowns

How much percentage of your account will you lose before you stop trading and reevaluate?

Relationship
Business

Exit strategy -

write down, spell out!