How to Exit Profitable Trades More Successfully (My Logical Approach)
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- เผยแพร่เมื่อ 21 ก.ย. 2024
- Free Trading Masterclass: The Logical Formula for Successful Trading: duomotrading.c...
Unlock the secret to making more logical and effective trade exit decisions. We'll dive into an often overlooked aspect of trading: deciding how to exit a profitable trade. I'll guide you through a more effective decision-making process and show you an example trade using this approach.
Most traders just focus on how to find opportunities and enter trades, but exiting trades in the right way is just as important if you want to maximise your opportunities and become a successful, consistently profitable trader.
![[TH] RNT vs SPG - VCT Ascension Pacific - Day 1](http://i.ytimg.com/vi/RUTkf8Detj8/mqdefault.jpg)
I lost over $70k when everything started to tank. Not because I was in an exchange that went belly up. I was just stupid to hold and because that's what everyone said. I'm still responsible. It just taught me to be a better investor now that I understand more of what could go wrong. It took me over two years of being in the market, I'm really grateful I found one source to recover my money, at least $10k profits weekly. Thanks Natalie Strayer
I'm now 23 years old, and I've been studying trading for about 6-7 years now. You were one of the first channels I watched, and I wanted to extend the largest thanks to you! If it weren't for channels like yours even showing that trading was possible, I'd be stuck with the current job market. I wish all the best to you and to all traders who have yet to reach profitability!
Thanks Rio, that's awesome to hear that you're still trading and doing well. Glad I've been able to help you in some way.
Your paid-course is changing my life
That's amazing to hear! What stage are you at?
@@Duomoinitiative Stage 9. Very value information
You're doing a great job. Thanks very much.
Great video .. actually i also do same but little different… i book my 50% position when my trade is 2x my risk and hold remaining 50% with SL at breakeven.. then i let it roll till it moves and i observe price action on key areas .. if i see it weakening, i book remaining 50% too.
Thanks Dheeraj
I am literally a fan of yours and definitely want to meet you someday.
Really good , thought provoking video. Recently took a position with defined profit and loss levels. The position rose to about 75% of the profit target and stalled. Forming a clear resistance level. The lesson for me was along the lines of this video. Continue to monitor the position using simple chart analysis.
It's a really common mistake. A lot of people stop their analysis after the point of entry. A lot of things can change between you entering the trade and hitting any target you've set. Also, once you start thinking strategically about how you plan to exit a trade, it can open up all kinds of possibilities for the types of opportunities you can take.
If you don't mind, can I ask you what your profit factor is? I am just curious. It should be around 1.5-2 in my guess.
❤❤ this issue struggle me recently. Thanks for the video 🙏🏻
Glad it helped!
Hey, what happened to the funded accounts you were trading? Do you still trade them? Care to share a track record?
What’s the background music’s name
Still cant grasp the amount of subscribers you have.. you should have blown up years ago to 4 or 5x what you have now... I'm sure it's only a matter of time Nick.. your content is unlike any other & so accurate.. maybe you should post some live trading session videos so people can see you can walk the walk
Thanks Mikey, I appreciate that. I think it's because we haven't released videos regularly for quite a while. We did used to post live trading and weekly analysis videos a few years ago, but they were consistently the lowest views so we decided to just keep them for our community and mailing list since those are likely the people most interested anyway rather than casual viewers.
Nicholas' approach is the single one truly logical I could find on YT, the reasons it doesn't get more subscribers IMHO: 1) less or no clickbaiting 2) no get rich quick scheme 3) most videos focused on a single aspect and just scratching the surface, this things can't be covered in 15' or 30', the online course (even better: it's a development program, not just a course) has HOURS of videos just on the outcome probabilities estimation which will guide entry decisions, position sizing, exit strategy, in addition to trade examples.
The only missing part is an online community, there used to be one in the previous version, miss it :(
@@LuigiSimoncini thanks Luigi! I really appreciate that. Just for anyone else reading this, we do still have the community. Looks like you already found that Luigi.
@@Duomoinitiative yes!!! For some reason I didn't get the invitation email! Support is fixing it. So I can add two more reasons for going with the Duomo development program: community and great support service!
What’s the background music’s name
What’s the background music’s name