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Why Exit Is More Important Then Entry In Trading

Hello friends welcome to the #Traderlifestyle 

I hope you will be fine and also had read my last blog about Why The Forex Is Best For Trading (advantages of Forex market), thank you for everyone who read this and there is one more good news I have which I tell you at the end of this blog. so enjoy reading this blog 

in this blog, I will talk about why exit is more important than an entry in trading 

IN trading lots of time you realize your mistake that your entry is good but because of the wrong exit target you suffer losses in your trades, I want to share with you my last mistake of the wrong exit In which I get the stop-loss


this is the my last trade in which I get the stop-loss because I don't exit at the right time, I this trade I was getting a 75% target but I dont cut because I was committed to taking the full target.

let's talk something about the importance of right exit
the exit is more bearing on whether the trade ends in profit, or in the loss but there can be no perfect exit strategy that best manages your every trade.

sometimes we better of with wide stop, sometimes we bettor of with tight stop, and for ongoing management of trade.sometine in the best result would have come from existing a target price, other time best result come from trailing the stop loss, so what's a trader to do 

so here I will tell you about my exit strategy, how I get the indication to exit as you know i am a price action trader , price action tells you everything in the technical chart time to entry, exit, stop-loss everything, and the strategy which I follow is 
THE CONSISTENCY &THE ART OF READING TECHNICAL CHART 
this is my strategy which makes me a profitable trader also  makes me consistent about trading
So Here A Very Important Point Is, What I Learn?
I learn three very important points.
  1. we should use the right stop-loss or target,(dont greed to take big target if the possibility of getting target low)
  2. How quickly we should move the stop-loss to breakeven
  3. should we take our profit on target or should we let the profit run, perhaps trailing the stop loss behind the price
so these three things which learned with this lesson
"In a trading loss is an illusion"
so thank you for reading this blog please leave a comment if this blog gives you some value and enhance your trading psychology,
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and  there is one more good news I was told that I will tell at the end of this blog, So good news is
"WE HAVE COMPLETED THE RACE OF 1K VIEWS IN THIS BLOG SITE"

Thank you for help to completing RACE TO 1K VIEW'S on my blog page, for completing this race you are one of the most important people so thank you very much and I promise you, you just stay tuned with me I will give you amazing content about trading and also help you to make you a consistent trader
-Shubham Tamrakar
💗Stay tuned💗
📈Happy trading📈



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