When to exit the current trade position? - Page 182
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Thread: When to exit the current trade position?

  1. #1811
    Trader Lyon's Avatar
    Join Date
    Jul 2017
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    9,846
    You see, the fact is that, no one can get this correctly, no one can say this will be the right time to do that, except you who owns the trading strategy who must have learned and developed the trading strategy just like I can clearly say on mine, knowing when to close and when to open the trader has really helped me. That has also been because I have mastered my strategy.

  2. #1812
    As Forex traders we set target for ourselves and when those target has been reached we have to get out of the market because waiting a little longer to make more profit could be a very regrettable decision we would be making.when you have gotten the amount of money you need from a trade get out of the market and wait patiently for another better trading setup.
    Last edited by juniorpeters; 05-25-2019 at 10:33 PM.

  3. #1813
    Quote Originally Posted by juniorpeters View Post
    As Forex traders we set target for ourselves and when those target has been reached we have to get out of the market because waiting a little longer to make more profit could be a very regrettable decision we would be making.when you have gotten the amount of money you need from a trade get out of the market and wait patiently for another better trading setup.
    Sometimes even after getting the targets we dont get satisfied and we continue trading to earn without even having good signals. We should not trade with feelings or emotions but just make it a habit to trade with chart analysis and set our take profit and stop loss properly. Satisfaction is important because many traders dont satisfy with what they make, that is why they fail to manage things well.

  4. #1814
    Trader
    Join Date
    Aug 2015
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    12,807
    Quote Originally Posted by komalam View Post
    Sometimes even after getting the targets we dont get satisfied and we continue trading to earn without even having good signals. We should not trade with feelings or emotions but just make it a habit to trade with chart analysis and set our take profit and stop loss properly. Satisfaction is important because many traders dont satisfy with what they make, that is why they fail to manage things well.
    yes and i have repeated this thing a lot of time, after achieving some targets in mind still i trade and that over trading just give us loss, we should never do this mistake, this is one biggest reason of losing, over trading and greed can ruin us into trading, so if you have achieved target just wait until you get next best signal, we sell on some up and buy on some down, this is not way to analyze market

  5. #1815
    There is no certainty on how to do all these things, because in a nutshell we all will have different trading strategy on how to handle the market so we will probably be trading the different ways, so the best way to trade is to first use that trading strategy on the demo account, learn and be logical on our own various ways of trading, then we can get to be able to do the right thing when trading.

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