Exit Strategies

Discussion in 'Trading' started by gifropan, Feb 14, 2007.

  1. Cruzan


    A simple exit strategy is the 25% retracement rule: exit when the stock retraces so that you've lost 25% percent of your highest profit.
    #21     Mar 25, 2007
  2. August


    Cruzan... do you set a minimum amount of profit before this kicks in? I would imagine, for example... if you make 4 ticks and lose one, you don't want to exit....

    or does this simply depend on your time frame and stop?
    #22     Mar 30, 2007
  3. Rocko1


    Bob, if you actually spent the time to read and understand what Jack has written in the past (spydertrader's journals) and hinted here, you'd see that you're in dire need of a better paradigm toward trading.
    #23     Mar 30, 2007
  4. Rocko1


    It's probably a waste of time to expect any "easy fix" here.
    The solution is simple-
    If your current trading strategy sucks, GET A BETTER ONE.
    #24     Mar 30, 2007