A Discussion About Exit Strategies

Of all the facets of trading, perhaps the most challenging is properly exiting a winning trade. I've lost count of how many times I've seen first-hand, or have heard of, traders and investors committing the cardinal sin of turning a hugely profitable position into a losing one, simply because they lacked an exit strategy. In terms of identifying entry points and placing stops in the market, most traders become somewhat proficient – after extended periods of practice. Putting together, and most