When to exit the current trade position? - Page 2
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Thread: When to exit the current trade position?

  1. #1
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    When to exit the current trade position?

    [lang=id]We will always think that "if we didn't close it then we will absolutely make a large deal of money in here."
    But sometimes we will just think like "if we didn't close the deal yesterday then i would have already lost quite a lot of money now."
    So what exactly is the right one in here actualy?
    Here it is!

    1. Make sure that our target already reached

    Just in case that any worst scenario happened in this business, we need to be satisfied only with the current profit we got anyway. If we just want to make unlimited profit then we will pay the price when we loss it quite big. SO if we reach the target better close it.

    2. Make a lot of research if we want to hold position

    Let's say that we are i losing position but we are very reluctant to close our own position in here, then we need to make a research first whether the current price is dangerous or not. Once we have deducted that current condition is bad, then we better close the loss before we loss even more in te end.[/lang]

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  2. #11
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    Quote Originally Posted by nsawork View Post
    The timings that we are using in our trades will actually depend on many such factors and the main will be the trading strategy that we are using and the time frame that we want to consider while doing our trades. But a lot will depend on the actual movements in the markets because it is always safe for us to get out of a trade if we are in profits rather than risking the profits for a loss.

    Because we cannot predict the moves which are taking place in the currency markets with surety
    It is true, if a trading strategy is good, it could tell the trader both the entry and the exit time at a glance. This is why it is very good to building the lasting trading solution with the systems we are using. Forex traders would see that the strategy he used to enter is in the opposite position, or would be in opposite position (In case of stop loss), that is the right time to exit or where to place stop loss.

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  3. #12
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    point to enter and point to exit are a very good and important tips to have in the consecration . so we have to think well and try to find more ways to be sure of the trading points we have . and of course we may be able to think of the market as ways for the trading . as long we have a good management.

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  4. #13
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    Quote Originally Posted by cozard007 View Post
    It is true, if a trading strategy is good, it could tell the trader both the entry and the exit time at a glance. This is why it is very good to building the lasting trading solution with the systems we are using. Forex traders would see that the strategy he used to enter is in the opposite position, or would be in opposite position (In case of stop loss), that is the right time to exit or where to place stop loss.
    A good trading strategy is surely a good solution to know the time to open a trade and close a trade. The strategy itself can also give an appropriate price to place the stop loss in conjunction with the risk management rules. A strategy can use a combination of indicators, chart patterns and also involve fundamental analysis. A strategy in combination with a good plan can form a good trading set up to rely on.

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  5. #14
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    Quote Originally Posted by PROPENSITY100 View Post
    A good trading strategy is surely a good solution to know the time to open a trade and close a trade. The strategy itself can also give an appropriate price to place the stop loss in conjunction with the risk management rules. A strategy can use a combination of indicators, chart patterns and also involve fundamental analysis. A strategy in combination with a good plan can form a good trading set up to rely on.
    I agree, technically speaking all that you said are true, but we have to take note also the point of psychological aspect in executing a trade because one factor that affects a trader's mind is his psychology that can alter everything during trading, so good trading will not only involve technical but also psychological readiness.

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    " Trading is 70% Psychology, 15% Risk Management and 15% Strategy ! "

  6. #15
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    Quote Originally Posted by cozard007 View Post
    It is true, if a trading strategy is good, it could tell the trader both the entry and the exit time at a glance. This is why it is very good to building the lasting trading solution with the systems we are using. Forex traders would see that the strategy he used to enter is in the opposite position, or would be in opposite position (In case of stop loss), that is the right time to exit or where to place stop loss.
    Trading strategy play an very crucial role in our trading, because it give us a very good idea that when we have to buy and when we have to sell, our stop loss and cut loss situation totally depend upon our trading strategy. I mostly do trade with support and resistance and follow 100 to 200 pips stop loss in my trading. Daily chart is my favorite time frame.

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  7. #16
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    Quote Originally Posted by Hukam View Post
    Trading strategy play an very crucial role in our trading, because it give us a very good idea that when we have to buy and when we have to sell, our stop loss and cut loss situation totally depend upon our trading strategy. I mostly do trade with support and resistance and follow 100 to 200 pips stop loss in my trading. Daily chart is my favorite time frame.
    Sure, if the trading strategy of the trader os god, it would suggest all the time for the trader, when to trade and when to close the trade. This is a very good thing for traders to know, but this is not the only thing, traders should try very well to manage the trades they have, the management should be in line with the good strategy they use.

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  8. #17
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    I think that there are many factors can say to us that the best point to exit is here . like the trend lines , channels , support and resistance levels . or any other indicators which we trust at . all of the ways can guide us to be able to choose the best way to exit a trade .

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  9. #18
    Trader techboy's Avatar
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    Quote Originally Posted by cozard007 View Post
    Sure, if the trading strategy of the trader os god, it would suggest all the time for the trader, when to trade and when to close the trade. This is a very good thing for traders to know, but this is not the only thing, traders should try very well to manage the trades they have, the management should be in line with the good strategy they use.
    A good strategy should be accompanied with risk management and discipline in implementing its rule in a consistent basis, most of the time traders abandon or ignore their trading rule the moment it will give them consecutive loses, we need to understand that a good strategy cannot give us winning trades all the time, what is important is we have to trust the system and stick to it until in recovers from its loses.

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    " Trading is 70% Psychology, 15% Risk Management and 15% Strategy ! "

  10. #19
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    the signal should works of the best on referring the uses with the exit point as trader following rules of the strategy as workingof the deeper on moderation with the price movesment as referring decision on executing the commands on ordering market on closing of the running position. as securing the best on profit to shifts of the further to work with the new order preparation with the trading.

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  11. #20
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    Quote Originally Posted by hosny55 View Post
    point to enter and point to exit are a very good and important tips to have in the consecration . so we have to think well and try to find more ways to be sure of the trading points we have . and of course we may be able to think of the market as ways for the trading . as long we have a good management.
    [lang=id]to know the point to enter and exit from the market is very important for traders to put the position and exit with earning, so there are some elements or steps that should be followed by them and the simple thing here with use support resistance at higher time frames[/lang]

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