<|begin_of_text|><|begin_of_text|><|begin_of_text|>How do I know when I should exit a trade?
Are there some rules on this that I can follow?
Many traders approach their strategy with one thing in mind: establishing the qualifications for entry. The ‘edge’ if you will. From<wm> then on they really start seeing a lot of the big players closing their trades on weak ones and looking for higher level or quality setups to ‘lock-in profit’ with the hope of waiting for a bigger trade. My advice is to look to the trade itself rather than the ‘game in its entirety’ when considering exit. Don’t let your emotions play a role in trading. Keep in mind when trading for your highest level of performance and for your most significant returns on those positions.
Emphasizing exits</wm> and high-quality profit targets will naturally push you toward taking the next trade that has potential for long term