What is your preferred exit method?

today was a day of reckoning.... had many loosing positions.

simple exit.. open account and choose all positions and start unwind.. till last one is done then shut browser and take a breather...
 
one rule for me is: close out before it hits red.
another rule is: donot trust the trend, cash out profit agressively

I do not favor stop loss, most time get in and out is just gut feeling. never regret getting out too early. but always feel sick if I overstay.
 
use the OCO order type, i.e. one cancels other.

however, also tend to kill the OCO and exit on self discretion. :D

ps: it is not a perfect world ;-)
 
We set a stop-loss level at the time of trade entry. If our proprietary studies reverse, then the technical conditions for entering the trade are no longer valid and that gets us out. I have found through the years that about half of my losses are taken through technical failure before the stop-loss level is reached.

In other words, for losses it's an either/or scenario - we either get stopped out at the original "uncle" point we set at the time of the trade entry, or the study reverses.
 
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