Yeah, I wonder too. Usually I take some trades off when I reach the bottom of my coffee cup.....Meaning, I can't really tell. It depends on the price action.PumbaPLS wrote: Thu Aug 18, 2022 12:11 am both RplusT and Meyney, I wonder how you decide when to exit a trade?
Do you have pre defined TP and you hold to it no matter what?
You dont have a set TP and exit whenever you "feel" like a reversal could come soon?
Maybe you trail?
etc.
As I trade with Trendlines, usually it's the break of those. A long run like yesterday is not standard, but the advantage of Trendlines is, that I can let it run.
As I have the habit of adding and adding orders, I definitely take some off during the course of a long trend run like yesterday. And then there is the end of my trading day, when I close all.
My chart looks like this:
