Online Trading Strategies – When to Exit a Trade

Many traders have an entry-weighted strategy. They know the fundamentals. They’ve calculated the amount they will risk on a trade based on their position size and the placement of their stop loss. They’ve set signals for entry. However, then they expect the trade to take care of itself, not realising that how they manage a trade after it has been opened is one of the most important factors in securing profits. Although a hard stop will allow you to get out of a losing trade without too much of a loss, what should you consider when exiting a winning trade?