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exit is no different than entering
You're probably still at the beginning of your journey, aren't you? (as a trader). Getting out is an art :) unlike entering
You're probably still at the beginning of your journey, aren't you? (as a trader). Correct exit is an art :) unlike entry
the purpose of my system is to create a source of income.
i am ready to close a position on a pullback, taking a part and leaving the right to re-enter, and i believe the exit is not the same as the entrance, because prices have not only trends, but also periods of high volatility and saw-tooth movement - when the signals change frequently.
Again, I consider short-term intraday trading, and closing after 4 hours is ridiculous to me, because the immediate question is - why not after 3.5 or 2 hours?
exit is no different from entry) only buttons. If it's easy to find the entry, the exit is just as easy to find.
But if the system is just a trend system, then a good picture on the chart is enough to enter.
But to exit, you have to solve several problems:
If the price goes down, when do I close?
1. too hard stop - high probability of being hit and the signal may eventually trigger.
2. to hold it longer, or it may be a reversal and the loss may have been taken for nothing.
If it is in the black, then
1. Hold the price too tightly - do not allow the full potential of the movement to unfold
2. Set the trawl too far ahead: let profits grow, but at the same time, lose a very large part of the accumulated profit on the reversal.
agree that in this light it is much easier to enter based on a pretty picture...
the purpose of my system is to create a source of income.
I am ready to close a trade on a pullback, taking a part, leaving the right to enter again, and I believe that exit is not the same as entry, because price has not only trends, but also periods of high volatility and sawtooth movement - when there are frequent changes in signals.
Again, I consider short-term intraday trading, and closing after 4 hours is ridiculous to me, because the immediate question is why not after 3.5 or 2 hours?
But if the system is just a trend system, then a good picture on the chart is enough to enter.
But to exit, you have to solve several problems:
If the price goes down, when do I close?
1. too hard stop - high probability of being hit and the signal may eventually trigger.
2. to hold it longer, or it may be a reversal and the loss may have been taken for nothing.
If it is in the black, then
1. Hold the price too tightly - do not allow the full potential of the movement to unfold
2. Set the trawl too far ahead: let profits grow, but at the same time, lose a very large part of the accumulated profit on the reversal.
agree that in this light it is much easier to enter based on a pretty picture...