The Importance of the Exit Strategy (Part II)
After entering the Abbott Labs (ABT) trade on 2/16 @ $46.77 and the May 42 call @ $5.05 we stayed with the trend until the beginning of April. At that point the call had yielded a great return. I was looking to exit at the first sign of weakness. Two confirming signals: Fibonacci extensions […]
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The Importance of the Exit Strategy
Having specific trade entry and exit rules are imperative to successful trading. I feel the exit of a trade is far more important than getting in. Many “guru’s” gloss over or ignore this topic. I have found that the combination of candlestick formations, Fibonacci extensions, regression channels and my proprietary application of the daily version […]
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