How Do You Know When To Exit A Trade?
Hey Traders 👋
Today I wanted to share with you a quick lesson that has helped me with knowing exactly when to enter and exit trades....
First:
Add the 4 and 10 period moving averages to your chart
Second:
When the trend begins let your profits ride until either
A) A Candle closed above or below the 10 moving average (you could close early, but its the most profitable exit)
B) The 4 and the 10 MA cross back over eachother at candle close (less profitable, but more concrete)
I hope this helps with increasing profit instead of hoping and guessing! Take a look for yourself and see if this is something that you want to implement on your charts and strategies!
Today I wanted to share with you a quick lesson that has helped me with knowing exactly when to enter and exit trades....
First:
Add the 4 and 10 period moving averages to your chart
Second:
When the trend begins let your profits ride until either
A) A Candle closed above or below the 10 moving average (you could close early, but its the most profitable exit)
B) The 4 and the 10 MA cross back over eachother at candle close (less profitable, but more concrete)
I hope this helps with increasing profit instead of hoping and guessing! Take a look for yourself and see if this is something that you want to implement on your charts and strategies!