🎯 The Art of Exiting a Trade: When to Close While You’re Winning
Knowing when to exit a trade is a skill—not always easy—but it’s key to protecting your profits and preserving your capital. Many traders close too late and lose a big chunk of their gains because they don’t have a clear exit strategy.
🔹 1. Set Your Profit Target Before Entry
Before you enter a trade, know exactly how much profit you want. Having a target helps you watch the trade without unnecessary stress.
🔹 2. Use a Trailing Stop
A trailing stop moves automatically as the price rises, letting your trade run while protecting accumulated profits.
🔹 3. Take Partial Profits
When the trade grows, close part of your position and let the rest run. This way you lock in some gains while still giving the trade room to grow.
🔹 4. Stay Flexible to Market Signals
If the market starts showing strong reversal signs, don’t hesitate to exit—even if you haven’t hit your full target.
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🔍 This is informational, not financial advice. The market carries risk — always think carefully and decide for yourself.