Trading Psychology & Exiting Trades (23:11)
Survey says? “Less discretionary, More systematic”.
So, in an effort to be more systematic I’ll try and explain how I think about Exits. Please bear in mind that the numbers used apply to the Emini market.
In the video I discuss:
- The “Magic 4 Points” profit target
- The “Pro Signal” exit
- The “Room to Move” 4 point stop loss
- The “Gut” exit, and
- The cute stuff I avoid
If you’re reading this article via email or RSS reader, then follow this link to view the Exiting Trades video on the website. Good luck with your Emini trading.