Thanks for sharing the MLK pic. It is interesting that in our darkest hour, an indomitable light always emerges from the darkness.
Regarding trading: what are your basic exit rules? A lot is written on entries, but so few articles on exits. Hope you can shed some light on this overlook topic.
I don't think I overlook exits; if you read through the blog you will see my emphasis is on taking profits at key levels - particularly the FE or a set dollar amount after a big move.
Exits are far more important than entries, and I originally became interested in Fibonacci to solidify my exits.
Take a look at the trades posted prior to my hiatus...with few exceptions I document where I took my exit and why.
Thanks for sharing the MLK pic. It is interesting that in our darkest hour, an indomitable light always emerges from the darkness.
ReplyDeleteRegarding trading: what are your basic exit rules? A lot is written on entries, but so few articles on exits. Hope you can shed some light on this overlook topic.
Thanks, Ralph
Ralph-
ReplyDeleteI don't think I overlook exits; if you read through the blog you will see my emphasis is on taking profits at key levels - particularly the FE or a set dollar amount after a big move.
Exits are far more important than entries, and I originally became interested in Fibonacci to solidify my exits.
Take a look at the trades posted prior to my hiatus...with few exceptions I document where I took my exit and why.