Exit Strategies

[Cruzan]

A simple exit strategy is the 25% retracement rule: exit when the stock retraces so that you've lost 25% percent of your highest profit.

 

[August]

Cruzan... do you set a minimum amount of profit before this kicks in? I would imagine, for example... if you make 4 ticks and lose one, you don't want to exit....

or does this simply depend on your time frame and stop?

 

[Rocko1]

Quote from gifropan:

Hi Jack

What I meant was non trending markets and not non trading. Too many position reversals with a small loss every time can accumulate to a very large loss without the market having made any significant move. This is why I feel unless the market is in a trading range reversing of positions can be very costly

Bob

Bob, if you actually spent the time to read and understand what Jack has written in the past (spydertrader's journals) and hinted here, you'd see that you're in dire need of a better paradigm toward trading.

 

[Rocko1]

Quote from Tradetime:

Yes he'd see what a waste of time it was listening to Jack

It's probably a waste of time to expect any "easy fix" here.
The solution is simple-
If your current trading strategy sucks, GET A BETTER ONE.