The Importance of Exit Strategy – 1
http://www.YourTradingCoach.com – Risk Management – Are exits more important than entries? (part 1 of 4)
2 Responses to “The Importance of Exit Strategy – 1”
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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
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.