How long do you give a sideways trade before exiting?

Discussion in 'Risk Management' started by zghorner, Sep 15, 2020.

  1. Wallet

    Wallet

    There’s not enough information to answer your question.

    Everything is based on your trade setup, risk, stop, target, etc. Your question implies that you’ve not prepared yourself for the current price action, hence you’re on the fence as to stay or bail.

    “Time” can be a part of your trade, or strictly price. Again, this should be part of your initial setup.

    Generally you want to take emotion out of the decision process. Either your trade is still within your initial setup or not. If it’s not, get out and look for another trade.

    Edit, that is vague i understand but everything will be relative to the timeframe, day/swing/position/investment, and instrument you’re trading.
     
    Last edited: Sep 16, 2020
    #11     Sep 16, 2020
    murray t turtle likes this.
  2. %%
    Good. Part of the fun of trading;
    kick something out[exit] of an account , if it's the worst performer/ even if its showing a profit.
    I hate the way sometimes after it gets kicked out/then it does much better/LOL:D:D:D:D:D:D But that's life + trading.
     
    #12     Sep 20, 2020
    zghorner likes this.