How Well Does Your Exit Plan Serve Your Trading Outcomes?
From gomarkets.com
Despite all of the enthusiasm, energy, and airplay entries receive, it is your exit that determines if your trade is considered successful or not. Yet most traders, even those with experience, continue to obsess over how to get into a trade, often treating the exit as an afterthought in comparison. They can recite their setup criteria at the drop of a hat, providing great step-by-step (and often complex) details. But when asked, “How do you decide when to get out?” that clarity and thoroughness are noticeably absent or vague. No matter what type of trader you are, it is your exit strategy that shapes your ...
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