When Should You Exit A Trade ? Sugar & Crude Today

06 Dec in Blog, Bonds, commodities, currencies, futures trading, Mike Seery

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? In my opinion the rule of thumb that I use is placing my stop loss at the 10 day high if I’m short or a 10 day low if I’m long as the theory is that I do not want something to go against me for more than 2 weeks.

The other rule of thumb is to place your stop loss at the 2% maximum loss allowed in your account for any given trade.

 

 

 

 

 

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