IMO Entry is always very easy in Trading.
It is the exit strategy which I find it difficult to device.
TRADERS WHAT IS THE BEST EXIT STRATEGY ?
Please share your experience.
Many Thanks in advance.
Agree 100%
Not much discussions on exits . . . most of the focus is only on trade entry
2 aspects, 1 making best of the trade and 2nd is the temperament of the trader . . .
Form my experience in swing trading holding the position till the reverse signal is generated gives the best possible gains overall.
The temperament issues in doing this is, giving back the gains on the last price swing when the price reverses and takes out the stops.
One has to learn to live with it, so most of us go for a compromise of booking part gains on a successful trade.
My experience is that scaling-out always reduces profit on the trading system but for me it also makes the system trade-able.
I consider all scale-ins as separate trades to be managed sepetarely.
Like to hear more views from other traders
Thanks