Saturday, November 26, 2005

EXIT STRATEGIES

Many people speak and teach how and when to enter a trade, but few explain the art of the exit. This is an area that I set out to focus on for some time, and in doing so, was able to come up with several strategies to exit a trade that also fit my risk/reward profile as well as, were able to take advantage of intra-day trend moves.

To perform consistently when trading intra-day I formulated several exit strategies to fit my overall style of trading. Below I will detail a couple of them in order to convey the importance of having an exit strategy that fits your overall style of trading.

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