Maximizing Profits! 🤑Simple & Effective Exit Trading Strategies

Learn to Maximize Profits! It is not only important to choose the best time to enter a trade, but also the best time to exit! ****** Watch our Live Trading show, Monday to Friday from 9 am to Noon! https://www.youtube.com/tradertvlive

Join us as we discuss how modern day professional traders exit winning trades.

One often overlooked aspect to becoming consistently profitable is ensuring day after day, when we are correct and in the money on a trade that we look to maximize profits. Not letting winners run can be a very difficult to overcome problem of many beginning traders.

In this video we discuss multiple, proven techniques you can use help ensure you are getting the most out of trades!

Discover the best ways to find viable profit targets, also we'll discuss the merits of using trailing stops, when are they appropriate?
Plus, we'll also give you one of the most overlooked pointers. Exiting your trades by simply having passive orders sitting out in the market and letting price come to you!

Although it may seem minor, this single point can increase your profits substantially at the end of week or month. The learning process never ends, join us as we discuss the best ways to exit your winnings trades!

⏳ Outline:
0:00 - Introduction
0:50 - Identifying appropriate, potential take profit areas
3:19 - Using prior support and resistance levels
6:02 - When should I aggressively exit by removing liquidity
8:20 - Its OK to pick the wrong level
10:52 - When should we use trailing stops?
12:47 - The benefit of trailing stops when managing multiple positions
13:47 - Summary

Trading Software: https://daytradetheworld.com/trading-software/

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Watch our Live Trading show, Monday to Friday from 9 am to Noon! https://www.youtube.com/tradertvlive

🔖 Useful Resources:
• Why you should Consider Trailing Stop Orders for your Strategy → https://www.daytradetheworld.com/trading-blog/trailing-stop-orders/
• How to Day Trading with Support and Resistance Levels → https://www.daytradetheworld.com/trading-blog/day-trading-support-and-resistance/

Видео Maximizing Profits! 🤑Simple & Effective Exit Trading Strategies канала Market Wisdom by TraderTV Live