Regarding exit points, there are three key factors.
1: There must be a unified standard, whether it is a fixed take profit or a dynamic take profit that follows the trend. Only with a standard can execution be done correctly.
2: Have confidence in your own exit standards. For example, I have a fixed take profit of 3:1, and when I reach that point, I close the position. I have backtested this method, and it can absolutely be profitable. Orders either take profit or stop loss; do not get tangled up. With this kind of confidence, it is possible to hold on.
3: Let go of obsessions. Any take profit method has its advantages and disadvantages. Fixed take profits cannot capture large movements; following the trend for take profits can result in significant profit retracement, and profits in a choppy market are very small. Do not demand a perfect exit method, and do not fantasize about selling at the best position every time. Perfectionism is not desirable.
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