Many traders say that one of their biggest problems when in a trade is deciding when to get out and take their profits or loss.
This section is designed to give you some ideas of what kind of exit strategies that you can employ in order to safely take profit whilst sensibly reducing risk.
No one strategy is better or worse than any of the others because with every exit strategy there will be a trade where you wish you’d have done things differently so it’s really important to accept this fact and stick rigidly with whichever exit strategy that you decide to use.
The same is actually true for all things whether you are gauging market direction or finding entry levels.
So in the next few pages are a few examples of how you can approach your exits.
Next: Initial Stop Loss