How to Exit Winning Trades (7 CRUCIAL Things to Consider)

Got a winning trade? You're going to learn exactly how to exit a winning trade in today's free training. We're going to cover the 7 crucial things you need to consider when exiting your trade.

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Table of Contents:

0:00 - What We're Covering Exactly
0:51 - #1 - Type of Trade
1:45 - #2 - Fundamentals
3:49 - #3 - Technicals
6:54 - #4 - TS
14:28 - #5 - According to Plan?
15:50 - #6 - Emotions?
18:14 - #7 - Partials
19:59 - How to Maximize These Learnings
20:38 - Bonus
21:23 - Bloopers

Okay so I get it, you're in a winning trade. And you want to make sure you hit take profit at the best time. Because you remember in your last trade, you either took profit too soon, or too late.

Don't worry, we've all been there. Exiting your trade is just as important as the entry (arguably eve more important!). Because the reality is, if you're in a trade and it's going in your favor, and you don't have an optimal exit, then you could be burning a lot of money you could have otherwise made.

In this video, I'm going to be showing exactly what you need to do in order for exit your winning trades properly. I'm going to cover these 7 crucial things to consider. And I suggest you take some notes so you can have a hard-copy on your desk while trading.

#1 - What type of trade are you currently in? Are you doing a Day/Swing trade? or are you riding it for longer-term, trying to follow the trend and doing a Position trade? Once you can identify the type of trade you're doing, you can then determine which type of take-profit strategy you want to employ.

#2 - You should always be aware of fundamentals. Is there any upcoming scheduled news event being released in the next few minutes/hours/days? If so, you want to watch out of the news event, because if the news goes against your trade, that could mean trouble.

#3 - If you're a day/swing trader, are there any specific technical factors or barriers in your way that might cause opposing market pressure? Do you see any technical factors that might cause the price to go against you? If yes, you want to look to take profit somewhere BEFORE those technical barriers approach.

#4 - If you're a longer-term trader, looking to follow a trend, you can employ a trailing stop-loss to ride a trend to its entirety. An easy way to do this is to enable the ATR indicator (Average True Range) and you can set your trailing stop-loss at 1.5x the ATR. This way, the stop-loss will always follow your trade as it continues to move into profit.

#5 - When you're looking to exit, you should ask yourself, are you exiting your trade by following your trading plan? Are you following your rules that you should have pre-determined prior to the trade? If you're not then you probably shouldn't exit. If you're looking to exit on a "spur of the moment", then it's probably not a good idea to exit there. Always be sure to follow your trading plan.

#6 - Are you exiting based on emotions? Exiting based on emotions will, more often than not, put you in a situation where you're probably exiting at the worst time possible. This is why it's crucial to place a pre-determined TP prior to entering your trades.

#7 - Taking Partial Profits. You can take partial profits at your TP levels to allow yourself to ride the wave of a longer trade. This allows you to secure some profits and you can either take another profit at TP2, or you can even let the rest of the trade run using a Trailing Stop. As long as you see the trend might continue to go in your favor, taking Partial Profits can net you quite a bit of money in the long run.

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DISCLAIMER:
These videos are for educational purposes only, they demonstrate how I invest and day trade. They should not be taken as advice on how to invest your capital. Margin trading carries a high level of risk and is not suitable for all investors. Consider your level of experience, investment goals, and risk management before investing in trading. Do your own research and talk to a professional financial planner to be aware of all risks associated with trading, I am not a financial advisor. Past performance does not dictate your future results. NEVER take a trade based on what you see in this video and NEVER trade money you can not afford to lose. Trading can be profitable, but losses are inevitable at times. I will NOT be held responsible for any losses you endure. You and you alone are responsible for risk assessment. Market fluctuations can work for you or against you. Your investments and trades are solely your responsibility.

Видео How to Exit Winning Trades (7 CRUCIAL Things to Consider) канала Market Makers University