Using Danger Signals To Exit Trades
The Trader's Mindchat Show
English - April 25, 2023 00:52 - 20 minutes - 18.8 MB - ★★★★★ - 2 ratingsInvesting Business Homepage Download Apple Podcasts Google Podcasts Overcast Castro Pocket Casts RSS feed
Previous Episode: My account can't get beyond ___ $$. HELP!
Next Episode: Should we tolerate failure in trading??
I like to give myself multiple ways to exit trades. The best way I've found to allow trades to run and exit when they begin to sour is to sell on "Danger Signals."
Selling based on danger signals can act as a timebound stop. However, unlike selling based on ATR or a moving average, selling based on danger signals allows us to measure the evidence against a trade.
WATCH US LIVE
We stream this show LIVE Monday through Friday at 9:30 am EST on
Instagram https://www.instagram.com/michaelglamothe/
Facebook: https://www.facebook.com/MaraWealth
YouTube: https://www.youtube.com/marawealth
Twitter: https://twitter.com/MichaelGLamothe
LinkedIN: https://www.linkedin.com/in/michaelglamothe/