The Power of Timely Exit
Turtles have learned that entering the market is only half the battle;
The second half of success is exiting on time
❗️ Curtis Faith emphasizes in the book:
🔹 “Many traders miss out on good profits because they don’t know when to exit.”
Turtles have learned specific rules:
1️⃣ When to lock in profits
2️⃣ When to accept losses and close the trade
3️⃣ And how to escape emotion and make rational decisions
📌 This lesson also applies to life:
When you know when to stop doing something or say no to a situation, you can avoid a lot of losses and stress.
🏹 So exiting on time means:
The ability to recognize a situation and act before it gets worse.
⚡️ Key phrase:
“Making a profit in the market is as important as knowing when to quit.”
Today’s exercise:
✅ Think of a situation in your life where you had to decide whether to continue or quit.
Identify criteria for this decision.