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Exit from a trade

SofieAndreasen
Jun 05 2021 at 13:00
759 Posts
Set TP and SL at beginning of the trade. Don’t adjust it after seeing the change of price action.
SteveHanks
Dec 29 2021 at 05:43
536 Posts
SofieAndreasen posted:
Set TP and SL at beginning of the trade. Don’t adjust it after seeing the change of price action.
TP and SL are the most important element for new traders to survive in this market
RobertFerrari
Dec 29 2021 at 07:06
410 Posts
SteveHanks posted:
SofieAndreasen posted:
Set TP and SL at beginning of the trade. Don’t adjust it after seeing the change of price action.
TP and SL are the most important element for new traders to survive in this market
Every trader should have proper knowledge about these to make a good output.
CraigMcG2020
Dec 29 2021 at 11:54
385 Posts
SofieAndreasen posted:
Set TP and SL at beginning of the trade. Don’t adjust it after seeing the change of price action.

I also think hidden in this is to let the trade run as it wishes. Any alterations to TP or SL really damage your sample size of trades and also create doubt
Williamfreed
Dec 29 2021 at 13:53
176 Posts
If a trader wants to become a successful trader then he must know how to manage risk and also money management.
Mekhi_Jerde
Jan 07 at 19:06
11 Posts
Entry and exit points are quite subjective things. As for me, I set my pending orders according to the support and resistance levels and with the Fibonacci retracement levels. However, there are so many approaches to this issue that it is next to impossible to describe them all here and say what are the best strategies.
croisssan
Jan 07 at 20:04
939 Posts
For me now, the issue of exiting trading is almost impossible. I believe that for me this is a fairly profitable option for work
skihav
Jan 08 at 16:39
801 Posts
Most often, beginners or those who cannot make a profit want to leave. Successful traders don't quit.
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