Exits

Exits determine your profits and losses.

I was looking through a couple of my past trades to see what I could improve on. My entries were good (almost 70% of all my trades go up sometime during my trade). But, my exits showed losses.

I am guessing that I let my gains turn into losses because sometimes I try to hold out for more profit. I went back to reread some of my trade books, more specifically Trade Your Way to Financial Freedom. I focused more on the exits portion of the book of course. Right now, I'm looking to exit my trades if my profits retrace more than 25% (i.e. 25% + 0.01).