When Do You Exit A Trade?

The biggest question that I have been asked is when do I exit a winning trade and when do I exit a losing trade? The rule of thumb that I use is placing my stop loss at the ten day high if I am short or a 10 day low if I am long.The other rule of thumb is to place your stop loss at the 2% maximun loss allowed in your account for any given trade. If you have any questions please call me at 800-615-7649 and I will review many basic trading rules with you.