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When the Market Moves Against You, When Do You Exit a Trade?

Posted By On 10/23/2010 02:12:00 PM
The way I trade, I exit as quickly as possible. There's no sense in waiting around for your "stop-loss" to get triggered when the perceived edge is gone. I like to stay in control of my trades, and if the market doesn't do as anticipated, I don't wait for my stop to get hit. When there is no longer a high probability situation, exit and take a second look.
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