|
Re: Entries vs Exits
I think it's harder to learn to exit properly than entries, because are a few ways to enter (price or indicator signals) but tons of ways to exit (normal stops, percent or dollar trailing stops, SAR, stop loss, etc). I'm still learning to how to stop properly. Psychologically speaking, exits are harder to take than entries.
Learning to use a simple stop loss is a major step for any trader. And learning to stay with a trend is even harder for any experienced trader. Even most traders from Market Wizards admit they tend to exit too early.
|