Exit is more important than entries

It really depends on your style and what your trading imo. The bigger the potential winner the harder and more important the exit. If your just in for a quick scalp then entry becomes more important.
 
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You just need to learn it, can't say one is more important or harder than the other. For a trend trading swing system like mine on the ES, I scale out on new highs or lows guided by Price Action driven lines.
 
The discussion about a good or bad exit is only a discussion of discretionary traders. If you have a solid system, you have clear determined entrys and exits.

If you are in a trade as a systematic trader there is no "if" or "when" or "maybe". The exit is clear at the beginning of your trade.
 
metatrader54 said:
Often times I feel this way, getting a entry is not difficult, it's about how you manage the trade after you enter. Where should you exit in a trending market? Or certain scenarios where it is appropriate, often I feel it's experience or chart time.

Entries are built upon research and testing, but exit are built upon experience and chart time. My entries are nothing special, but if I teach my system to a new trader I doubt he would correctly exit, or even lose money if he only knew how to enter.

I don't think there's a fix exit system, at least for me, you need to know when to cut losses fast, when to trail the stops, when is a good profit target, or have you maximized profits? Is there a chance that price might continue in your direction?
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Hey, the thing you want to know when you are in a trade is if the power of buyers or sellers is slowing down - regards especially to intraday trading - for that Bookmap gives me a clearer view to spot an exhaustion of one of the sides. the bubbles in the software can imply if one side is pushing but the other one holds him back.
 
Turveyd said:
You get in, if things change you get out, if nothing changes you stay in till it does
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Much truth in your statement.
Simplified further, applicable to all styles of trading...
There are only 3 signals: continuation, change, and sideline.
 
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