whats your exit strategy?

Discussion in 'Strategy Building' started by globe, Jul 21, 2005.

  1. globe

    globe

    Hi Traders,

    Over the past few months I've develped a great entry strategy. But the problem is that (since I'm new to trading) I'm having a hard time choosing when to get out.

    Even if my entry is great it is only profitable if I get out when I should.

    For example, Tues. I bought DESC at 6.11. Altough I could have gotten out and made a little % I didn't.

    (Honestly, I took a small loss. But what gets me is how can I better determine to get the hell out when I sould!)

    So what is your best exit strategy?

    Thanks,

    globe
     
    #1     Jul 21, 2005
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  2. coolweb

    coolweb

    just looked at the DESC entry

    Don't see how $6.12 was a good entry.. ?

    Was your entry short?
     
    #2     Jul 21, 2005
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