HOW-TO Exit Trades Correctly? Important Lessons

Trading is a game of mental challenges

You don't just need to have a great method

You don't just need a great indicator or an algorithm

What you need is the ability to make the Correct Decisions at the Right Time.

I Executed a Trade on ESI right at the breakout point.

It was a good entry.

Held it long enough

But later lost discipline got too aggressive with SL and moved it BE.

The next day it flew

today it hit my 2R profit target number 2.

Lessons Lessons Lessons

Meanwhile, I held OII through to Target point 2...

In the related ideas below you will See another such trades I messed up. I took Long on GAB and got out early. Watch where it is now.

It is very important to execute your trade plan as much as it is important to have a good plan based on a solid strategy.

An Alternative Method of trading this Pattern

I have an alternative method here.

See if you can make sense of this? comment below if you need clarifications


ESI
OII
CBRE
GAB