All language subtitles for 5. Partial Exits--- [ DevCourseWeb.com ] ---

That traders to model seven time flies on partial exits as traitors.

We don't have a crystal ball and we can never predict where price is going to.

We can only calculate in terms of probabilities of where it's likely to turn right.

And once in a while we get those big moves those home runs to get us a lot of profits by practicing

partial exits.

We're able to get on those moves.

Yet at the same time securing our profits.

So you may choose to first close a portion of your profit at the first target which I mentioned in Madill

7.3 at the nearest turning point or Z okay and you may choose to run the rest.

And you already know how the trailer stops the right way.

There are some other variations to it.

For example a great way you require a pit stop loss and you are trading one standard a lot.

OK but this time you're going to use to 0.5 that's.

So the first part of the trade you make Was it at a 1 to 1 for example Okay in case Price turns around

you'll be at breakeven right.

You won't suffer any losses or this could even be a 2 to 1 there's no hard rule on this.

You may even close a third or two thirds of it at your first exit and run the rest is totally up to

you but for psychology reasons I do recommend the 1 to 1 because this way you're in a risk free trade.

Grant if Price reverses the worst case is you're at breakeven gate when you're in that state of mind

you are free from any pressure of losing.

And in that calm state of mind you'll be able to trade better.

You'll learn to follow the rules better and just stick to your plan.

So back on the charge your we may choose to exit our position partially at this first level take profit

and just choose to run the rest just in case price goes down further to test of these demand levels.

Same thing here.

You make a portion of your position 1 2 1 2 2 1 3 2 1 whatever it is or at the first take profit target

and choose to run the rest.

If you're good enough you may be able to exit right over here.

Well even better than just the amount of once you take some profits off the table here you're in a safe

zone or you have to do is run the rest risk free and there's not pressure to those in whatsoever.

Same thing in this case.

You may choose to take off a portion of the profits what we hear over and over here and just run us.

And that's everything on exit's.