Forums - What's your Exit Strategy

HOME FORUMS BROKERS SOFTWARE BOOKS CONTACT US

Your Account • Become a Member • Help • Search

	Forums ›› Technically Speaking ›› Strategy (System) Design ›› What's your Exit Strategy

Page 1 of 14: 1 2 3 4 5 6 7 8 9 10 Last Page »

masterm1ne

Registered: Dec 2009
Posts: 798

07-26-12 09:17 PM

I have been trying to figure out a way to exit a trade the best point.

The way everyone teaches or explains is some sort of trailing method (for trend following), via visualization or close above/below moving avg etc. This works well at times, but other times will get you stopped out right before the market goes further in your direction (I realize this is a fundamental nuance of trading).

Testing results for a trend following strat shows that using a trailing stop in the manner depicted, or moving averages is far better than using a set target or other exit methodology.

The thing I don't like is the fact that you aren't getting out where the trade is most valueable to you in any trailing order case. Instead, you have to wait until price starts moving against you to know when to exit. Is there a better exit methodology?

chart.gif
This has been downloaded 1484 time(s).

Edit/Delete • Quote • Complain

jack hershey

Registered: Feb 2003
Posts: 7379

07-26-12 09:52 PM

The simple way to take all the offer is to be looking for the next entry.

BUT there is a caveat.

The next entry is in the OPPOSITE DIRECTION from the hold you are now in.

Just become a trader who just looks for one thing ALL OF THE TIME: The next perfect entry.

This is what makes all ATS's coding so simple.

Stay in the market ALL THE TIME and just KEEP DOING PERFECT ENTRIES.

google EMG; she thinks its higher education. The above IS higher education.

Edit/Delete • Quote • Complain

ExchangeBonds

Registered: Jan 2012
Posts: 175

07-26-12 10:12 PM

Quote from jack hershey:

Stay in the market ALL THE TIME and just KEEP DOING PERFECT ENTRIES.

Worst advice ever. Please stop posting lest someone actually wastes their time trying figure out the shit you post.

Edit/Delete • Quote • Complain

athlonmank8

Registered: May 2007
Posts: 3024

07-26-12 10:20 PM

Quote from ExchangeBonds:

Worst advice ever. Please stop posting lest someone actually wastes their time trying figure out the shit you post.

Care to disprove him?

Edit/Delete • Quote • Complain

Chuck Krug

Registered: Apr 2006
Posts: 1407

07-26-12 10:24 PM

you can exit in 2 times
first to pay for your losers
and the second for the homeruns
don't do this myself, but something to look into none the less

Edit/Delete • Quote • Complain

oldtime

Registered: Jun 2011
Posts: 7389

07-26-12 10:25 PM

Quote from ExchangeBonds:

Worst advice ever. Please stop posting lest someone actually wastes their time trying figure out the shit you post.

that's actually not too different than the way I do it. Although, I trade a portfolio with a target, it doesn't matter to me what each individual trade is doing, when the account hits the target I get flat, but these trades can go on a long time, and many times, I switch sides in the middle of a trade before the target is hit.

But man, it sure is nice to hit the target and get flat (which I just happen to be at the moment.)

Edit/Delete • Quote • Complain

Page 1 of 14: 1 2 3 4 5 6 7 8 9 10 Last Page »

Receive an email whenever a new post is added to this thread by subscribing to it.

Rate This Thread:

Forum Jump:

Conduct Rules - Privacy Policy - Day Trader - Day Trader Forum - Best Trading Software - Sitemap

WHILE YOU'RE HERE, TAKE A MINUTE TO VISIT SOME OF OUR SPONSORS:
Advantage Futures Futures Brokerage & Clearing AMP Global Clearing Futures and FX Trading Bright Trading Professional Equities Trading CTS Futures Trading Software DaytradingBias.com Professional Trading Analytics ECHOtrade Professional Trading Firm	eSignal Trading Software Provider FXCM Forex Trading Services Global Futures Futures, Options & FX Trading Interactive Brokers Pro Gateway to World Markets JC Trading Group Direct Access Trading MB Trading Direct Access Trading	MultiCharts Trading Software Provider NinjaTrader Trading Software Provider OANDA Currency Trading optionshouse Option Trading & Education Rithmic Futures Trade Execution Platform SpeedTrader Direct Access Trading	SpreadProfessor Spread Trading Instruction thinkorswim by TD Ameritrade Direct Access Trading TradersStudio System Building & Backtesting Trading Technologies Trading Software Provider Trend Following Trading Systems Provider