By the end of this session you will:
- Understand what it really means to let your profits run and how to do so properly in the world of day trading
- Know the two major principles that affect every aspect of your profit exits
- Have 5 different techniques that you can use to exit at a profit under different types of contexts and scenarios
- Know the 3 rules that will guide you in executing the various techniques properly
The benefits this session will give you:
- Profit exits is one of the areas that traders struggle with the most. And yet it’s also one of the biggest determinants of your bottom line and whether you will ever find success as a trader. Even profitable traders can greatly improve their results by improving their exits. By learning various exit techniques and having rules to guide you in their implementation, you will avoid many of the mistakes most traders made, while learning to maximize your profits on any trade you take.
The 5 Techniques and 3 Rules of Effective Profit Exits Key Takeaways (PDF)