The Importance of Exit Strategy - 1
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definitely more important i think...like u said there r so many entry strats....its pretty infrequent to see a thread based on a exit strat
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I am definitely not a pro at the exit strategies, but might I add volatility can help define which method to use. T/S works best with trending short term low volatility.
housechores 3 years ago 2
Hi housechores,
Absolutely right - understanding the volatility of the instrument you're trading is essential - for positioning of your stop, and selecting a suitable exit strategy (trailing or target). The followup videos should give a little extra info on this.
Cheers,
Lance.
YourTradingCoach
YourTradingCoach 3 years ago