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How do you manage to get out in time? |
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Jan - make no mistake, no trader constantly exits longs at the high or shorts at the low. It's numerically next to impossible.
Depending on the size of your lots/contracts, you may want to consider multiple exit points. Some traders take some off at a fixed level, some use other analysis (I use
WRB's). Nothing will be perfect every time, that is for sure. You need to test out different exit methods based on how you trade.
Some ideas:
- WRB's
- Fixed Levels
- Trailing Stops
- Time stop
- Fib's
- Candlesticks