One of the hardest parts of trading is when to take profits. When things are going against you one exits on stop loss, easy enough. But when you’re in a profitable trade it is much harder to know when to exit.
We’re eager to lock in the profit and that winning feeling we get when we make money in a trade. But at the same tine we’re terrified that the trade will continue higher after we’ve exited and the net results is us struck and unable to respond.
In this video Warren covers his methodology of determining when to exit a profitable trade using his years of experience as a trader.