Exit Like a Pro 5 Smart Ways to Close Trades at the Right Time
Getting into a trade is easy knowing when to exit is what makes real traders. Many people lose money not from bad entries, but from holding too long or leaving too early. A solid exit plan protects profits and keeps your account safe. Here are 5 simple ways to exit smarter.
1. Set Your Profit Before Entering Always decide your take-profit before opening a trade. Use previous highs, strong zones, or trend direction. Simple rule: Risk $10 → aim for at least $20 reward.
2. Lock Profits with a Moving Stop When price goes in your favor, move your stop loss up. This protects gains if the market reverses. Tip: Fast moves = give stop a bit more room.
3. Leave Slow Trades Early If price moves sideways and doesn’t follow your plan, exit and move on. Great for scalpers and intraday traders.
4. Use Indicators as Exit Signals Indicators can show when momentum is fading or the market is overbought. But always confirm with the overall trend.
5. Exit After Strong Moves Big pumps often slow down after key levels break. If price shows weakness after a strong push, taking profit is smart. Keep stops near major levels to avoid sharp reversals.
Final Thoughts Good traders focus more on exits than entries. A strong exit strategy controls emotions and protects capital. Stay disciplined, stay patient master exits and profits will follow. 📈🔥