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Stops, Targets and Exits

A trade is decided after it is opened. Where the stop goes, where the target goes, and what to do with both while the trade is running.

Pour qui
A reader who can size a trade and now needs to manage it.
Avant de commencer
Position Size and the 1% Rule.
Commencer le coursAcheter ce cours — 11 $US

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À la fin, vous saurez

  • Place a stop where the chart says the idea is wrong, not where the loss feels bearable
  • Name the places a stop should never go, and say why
  • Set a stop from volatility with ATR instead of a fixed number of pips
  • Work out the risk-to-reward of a trade before you take it
  • Say when moving a stop to break-even protects you and when it costs you
  • Explain what a trailing stop, a partial close and scaling out each do

15 documents

Un court quiz après chaque document ; le suivant s'ouvre quand vous le réussissez.

  1. Unité 1

    Where the stop goes

    1. 01How to Set a Stop Loss Correctly5 min
    2. 02Where Not to Put Your Stop Loss5 min
    3. 03Why a Mental Stop Loss Fails5 min
    4. 04How to Size a Trade Before the Stop5 min

  2. Unité 2

    How far, measured

    1. 05Fixed Stop vs Volatility Stop5 min
    2. 06What Is the Average True Range (ATR)5 min
    3. 07How to Use ATR to Place a Stop5 min

  3. Unité 3

    The other side of the trade

    1. 08What Is a Take Profit6 min
    2. 09How to Set a Take Profit5 min
    3. 10What Is Risk-to-Reward Ratio5 min
    4. 11How to Calculate Risk-to-Reward Before You Enter5 min

  4. Unité 4

    While it runs

    1. 12When to Move Your Stop to Break-Even5 min
    2. 13What Is a Trailing Stop6 min
    3. 14What Is a Partial Close5 min
    4. 15What Is Scaling Out5 min