Related Topics
Trading , Currencies , Futures
Share This Page         

When Is The Right Time To Exit a "Good Trade"?

Learn how the Wave Principle combined with Fibonacci relationships can help you identify trade targets.

by Jason Lureman
Updated: February 17, 2017

So you've thought hard, developed a trading plan, entered a trade -- and the results are good!

Before you pat yourself on the back for a job well done, though, you need to make sure you execute your planned exit strategy.

Exiting the position too early means you leave money on the table, and holding on too long sees your hard-fought gains vanish tick by tick (or pip by pip, for forex traders). You might have stops in place to protect you if the market turns against you. But how do you know the right time to exit when price action goes your way?

Watch Jim Martens, editor of our Currency Pro Service, show you how he uses Fibonacci measurements between waves to find an exit point. This clip is from one of Jim's live online trading course for forex traders, but the you can apply this trading lesson to any market.

Learn "How to Win in Forex with Elliott Waves"

LAST CHANCE | Register now & join the first live training session of our "How to Win in Forex with Elliott Waves" online course this Monday, March 6.

Get your seat now, save $500 and instantly access session 1, "Best Tools for Trading Success."

3 Ways the Elliott Wave Principle Enhances Your Trading

You Asked. We Answered. (June 2017 "Video Mailbag" Episode.)

What Trading Opportunities Does the Wave Principle Identify?

Have You Taken These 4 Simple Steps to Improve Your Trading?

When Is The Right Time To Exit a "Good Trade"?

The 5 Fatal Flaws of Trading

Pinpoint Where You're Wrong

The "Personality" of Stock Market Waves