Exit Strategies – How winning traders handle the pressure
Knowing when to hold and when to exit impacts your trading success rate and your returns. Getting out too early when a trade moves against you can mean you miss out on the big move. But holding too long in a failed setup will create big losses.
In this video we show you how to assess the price action on your trades when the trade is moving against you. Learn how to analyse the price action and use the MACD and Stochastic to decide if it is time to hold or time to exit.
Also see our videos on using Indicators to support your trading. Our Indicators series includes Moving Average, Stochastics and MACD.