The Trader's Mindchat Show

Using Danger Signals To Exit Trades

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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.


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    The Trader's Mindchat ShowBy Michael Lamothe
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