I think not enough discussion has been done about how to exit a trade. I am pretty discipline with cutting my loss but I am always at odds at when do I exit my trade when it's at profit.
I am currently trying to employ a take profit system to automatically take profit when the stock that I owned gained a certain percentage of profit but an acquaintance told me that it will not maximize my profit. Can anyone share how they do it or even better point to a system that I can learn for my trade?
Thank you very much!
[link] [comments] https://www.reddit.com/r/stocks/comments/16gx5fy/what_is_your_exit_strategy_can_anyone_give_me_a/
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