How long do you give a sideways trade before exiting?

[Wallet]

So are you saying time isn’t a concern as long as you like what you see on the charts? Even if what you see is sideways movement for an extended period of time (“extended period of time” being relative to each individual based what their average time frame is).

There’s not enough information to answer your question.

Everything is based on your trade setup, risk, stop, target, etc. Your question implies that you’ve not prepared yourself for the current price action, hence you’re on the fence as to stay or bail.

“Time” can be a part of your trade, or strictly price. Again, this should be part of your initial setup.

Generally you want to take emotion out of the decision process. Either your trade is still within your initial setup or not. If it’s not, get out and look for another trade.

Edit, that is vague i understand but everything will be relative to the timeframe, day/swing/position/investment, and instrument you’re trading.

 

[murray t turtle]

When in doubt get out

I give daytrades up to an hour or so, swings up to 2-3 days.

Great topic

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Good. Part of the fun of trading;
kick something out[exit] of an account , if it's the worst performer/ even if its showing a profit.
I hate the way sometimes after it gets kicked out/then it does much better/LOL But that's life + trading.