I Need A Good Exit Strategy

[LongShot]

Quote from prox:

Think of what you would do if you were on the other side of the trade. If you see an good entry signal for a short (if you were in a long trade), then that would be time for you to get out.

Otherwise, run a trailing stop below/above the most recent swing.

prox, i like this. i never really thot of it in this way. thanks for the revelation.

 

[LongShot]

Quote from u130747:

You say you want a good exit strategy. So you want to know when to pull out before you blow your wad. Sounds familiar. When you get really excited and you get that feeling, SELL..



Bert

problem is.. i am too excited from the start. i suffer from premature e-trade-ulation

 

[MondoTrader]

trying to use technical indicators to exit positions is a leading cause of brain damage. Trailing stops are a wonderfull invention and stress free.