Learning to Exit Early

[Dynamite++]

Exits used to be emotional warfare. I’d hold, praying for reversals, until small losses grew. Then I learned to exit early not from fear, but from freedom. Early exits preserve capital and confidence.

Now, leaving too soon feels better than staying too long. Freedom beats greed every time.

Every exit shapes the next entry.Do you hold for hope or exit for control?

Neither. I don't hold for hope or exist for control, cause basically when starting out trading I couldn't control my emotions as my psychology was not in place, so early exists cost me a lot of great full wins having lots of profits I could have obtain.
       So after mastering my psychology, which took me almost a year , I came to realize that you just need to believe in your knowledge and technical analysis, so when you place a trade you don exist early or hold a trade with fear. I place a trade knowing i either lose or I win, so I just wait for the final outcome to play out and I basically don't exist, the market just decides the outcome of my trade.

[GeorgeJohn]

Exits used to be emotional warfare. I’d hold, praying for reversals, until small losses grew. Then I learned to exit early not from fear, but from freedom. Early exits preserve capital and confidence.

In trading you need to know the protocols, especially knowing when to exit and when not exit from trading..

Now, leaving too soon feels better than staying too long. Freedom beats greed every time.

You can leave too soon and miss your chances of winning....

Every exit shapes the next entry.Do you hold for hope or exit for control?

Some people exit because of fear of losing, they don't want to lose, but not because of they have detect that staying long will make them to lose.

[barbara44]

"Early" is wrong, do not get out early, try to get out at the exact correct time. So in this case if you got out at 125k that would be great, if you got out early when it didn2t peak there, then it would be wrong. But you can't exactly know when it will peak, so what can you do? If you want to keep going, use trail stop, that way you wait and make the stop loss higher every time the price goes up.

When it's 70k, you put it at 65k, when it's 90k, you put it at 85k, when it's 125k, you put it at 120k ,that way sometimes it may get cashed out, but you can get in when you see it going back up and buy at the same price and keep waiting. This won't be that easy but it can definitely be something that we can do for the long term.

[Leahized]

Its good to exit early, when you notice you can't handle the pressure, as it concern your mental health and safety because if you don't exit when the need arise, it will lead or might cause you to go into depression, which is not a good thing for one to experience.
That is why, instead of allowing your emotions to lead you into what you will regret, its better to find something that will shift your mindset into what can relax your mind and support you into achieving goals.

I think it is normal to feel some pressure while trading. If a real trader wants to be able to cope with pressure, then he must be able to cope with any pressure and situation. Moreover, if you are physically and mentally healthy, you are more interested in doing any work. And can do everything right. I think when our loss starts to slowly increase,It should come out right then. On the other hand when one should return after earning a lot of money. Therefore, in addition to trading, mental goals should be kept.

[Jaksonhard]

Its good to exit early, when you notice you can't handle the pressure, as it concern your mental health and safety because if you don't exit when the need arise, it will lead or might cause you to go into depression, which is not a good thing for one to experience.
That is why, instead of allowing your emotions to lead you into what you will regret, its better to find something that will shift your mindset into what can relax your mind and support you into achieving goals.

I think it is normal to feel some pressure while trading. If a real trader wants to be able to cope with pressure, then he must be able to cope with any pressure and situation. Moreover, if you are physically and mentally healthy, you are more interested in doing any work. And can do everything right. I think when our loss starts to slowly increase,It should come out right then. On the other hand when one should return after earning a lot of money. Therefore, in addition to trading, mental goals should be kept.

Pressure is a normal part of trading, as is learning how Manage Pressure will Lead to Becoming a Disciplined Trader. Disciplined Traders do not avoid pressure; they learn to stay cool and calm under pressure and make the Right Decisions in a stressful environment. An individual who is in good Physical Health and possesses a Clear Mental State can follow their trading plan without being controlled by emotion. An individual must also have an understanding of when to exit during a Losing Trade, just as he or she must understand when to step away after a United Winning Trade. For this reason, it is very important to Have Mental and Emotional Goals as well as Financial Goals to be Successful in Trading for the Long Haul.

[SamReomo]

Some people exit because of fear of losing, they don't want to lose, but not because of they have detect that staying long will make them to lose.

There are other type of people as well who exit because they've reached the percentage of profit that they want from each trade. Some traders have fixed percentage in their mindset and if that percentage of profit is reached they'll exit the trade and take their profit.

While, it's also true that some people exit because of fear and that fear came from previous bad experiences one had in trading.

A good trader analysis the market and only take profit when it's needed otherwise he/she holds a trade for long to get maximum profit from it.

[Fredomago]

Yeah, it's a decision that needed to be made in order to properly execute your position, though there's a time that even you are losing your asset's value, it's still good to close your position instead of stressing yourself trying to recover or trying to anticipate things that you can't handle, you indeed need to decide and protect not just your finances but also your health, there are situation where stress leads a person to regret their participation to this veneu and some of those result is not really good for their health.

Absolutely, which people are to plan very well, make all the important requirements or considerations before taking action on their decision, so as not to make mistakes that will ruin their assets, which can bring in stress and all that.
That is why, having knowledge and understanding will serve as a guidance to them, which they can use it to navigate any obstacles that comes their way, which their priority should be what will benefit their well-being and helps them to make an informed decision.

Precisely, deep knowledge and continually adding more ideas with the venue of investment or assets that they are tie with, being updated and having that good anticipation if how the market will move around, those types of knowledge mostly gives sign when to continue and when to let go, it's your hard earned money that you are using the very reason why you need to be more careful and be focus with how you'll handle the pressures around.

It's about how you make your decision and how well you are in acknolwedging the market movements for both potentials and risk.

[Strongkored]

Every exit shapes the next entry.Do you hold for hope or exit for control?

The key is to stick to your predetermined target. If you're targeting a 2% profit in a position and reach it, exit. Lowering your target too quickly, for example, can sometimes lead to uncertainty and confusion, while raising your target can actually lead to losses.
So, sometimes, too quickly is not a good idea.

[virasog]

"Early" is wrong, do not get out early, try to get out at the exact correct time. So in this case if you got out at 125k that would be great, if you got out early when it didn2t peak there, then it would be wrong. But you can't exactly know when it will peak, so what can you do? If you want to keep going, use trail stop, that way you wait and make the stop loss higher every time the price goes up.

When it's 70k, you put it at 65k, when it's 90k, you put it at 85k, when it's 125k, you put it at 120k ,that way sometimes it may get cashed out, but you can get in when you see it going back up and buy at the same price and keep waiting. This won't be that easy but it can definitely be something that we can do for the long term.

Just as we do the DCA for investing in Bitcoin or any other cryptocurrency, the same should be done is to exit in parts on every leg up. What many people do mistake is that they keep holding the coins when even they are in loss but as soon as they got some profits they exit completely and this is where they miss out the big gains in case the coin keeps on pumping hard.

Holding our positions in profit is as important as we are holding our positions in loss. We need to be in discipline and have a plan both in the loss and in the profit and only then we can achieve long term and big gains.

[GiftedMAN]

Every exit shapes the next entry.Do you hold for hope or exit for control?

The key is to stick to your predetermined target. If you're targeting a 2% profit in a position and reach it, exit. Lowering your target too quickly, for example, can sometimes lead to uncertainty and confusion, while raising your target can actually lead to losses.
So, sometimes, too quickly is not a good idea.

That’s right. It’s one thing to set goals and target as a trader and it’s another to stick to these plans and it requires only discipline and self control to do this. It’s kinda very easy to be tempted to make adjustments on these targets but it takes one who really understands the market to realize that discipline beats impulse at all time. Not saying that one cannot make adjustments to their targets and plans, sure the need to do so may surely arise in the future, but it should be in line with your goals and not just some impulsive decision.

[Achalugo BTC]

Pressure is a normal part of trading, as is learning how Manage Pressure will Lead to Becoming a Disciplined Trader. Disciplined Traders do not avoid pressure; they learn to stay cool and calm under pressure and make the Right Decisions in a stressful environment. An individual who is in good Physical Health and possesses a Clear Mental State can follow their trading plan without being controlled by emotion. An individual must also have an understanding of when to exit during a Losing Trade, just as he or she must understand when to step away after a United Winning Trade. For this reason, it is very important to Have Mental and Emotional Goals as well as Financial Goals to be Successful in Trading for the Long Haul.

Yeah, being able to manage pressure its good because it will help one to develop the ability to handle any mental stress, which can help one to being in charge of their emotions or feelings while making decisions but setting limits to your trading habits its necessary, as it will one help to know when to exit, in order to prevent making mistakes which they will regret their actions later.

[Bitcoin_people]

A person wants to get out of trading only when he loses money and does not have the money to trade later. However, there are some people who lose a lot of money in trading but still do not want to get out, but they patiently spend more time there. Basically, those who have good financial management and good patience do not want to get out even if they lose a lot of money and plan to trade more. But when a person with less money trades, if he loses his money, he cannot find money in such a situation, due to which he is forced to get out. We know that trading is a risky system where people can profit through their experience and skills, those who have less experience are deprived of profits. However, I think that trading should not be done when the market conditions are not very good, but when the market occupies a good position, then trading does not have to face losses and the risk is low.

[justdimin]

A person wants to get out of trading only when he loses money and does not have the money to trade later. However, there are some people who lose a lot of money in trading but still do not want to get out, but they patiently spend more time there. Basically, those who have good financial management and good patience do not want to get out even if they lose a lot of money and plan to trade more. But when a person with less money trades, if he loses his money, he cannot find money in such a situation, due to which he is forced to get out. We know that trading is a risky system where people can profit through their experience and skills, those who have less experience are deprived of profits. However, I think that trading should not be done when the market conditions are not very good, but when the market occupies a good position, then trading does not have to face losses and the risk is low.

It's understandable for someone to want to stay, there is no reason why not keep trading, as long as you learn your lesson and keep trying to be better. The problem is not with people who stay even after a loss, it's with people who stay and learn nothing even after a big loss, if you are like that then you should leave.

Every single trader in the world has lost some money at some trade, nobody trades with 100% accuracy in the world, but even the greatest ones learn after their losses and try to not repeat it. Hell even banks are doing better after the whole 2008 thing and not risking that much anymore. So believe me, we need to make sure that we are dealing with things that are about our studying to be better, not about our wins or losses.

[Rubuchi]

Exits used to be emotional warfare. I’d hold, praying for reversals, until small losses grew. Then I learned to exit early not from fear, but from freedom. Early exits preserve capital and confidence.


Now, leaving too soon feels better than staying too long. Freedom beats greed every time.

Every exit shapes the next entry.Do you hold for hope or exit for control?

Its good to exit early, when you notice you can't handle the pressure, as it concern your mental health and safety because if you don't exit when the need arise, it will lead or might cause you to go into depression, which is not a good thing for one to experience.
That is why, instead of allowing your emotions to lead you into what you will regret, its better to find something that will shift your mindset into what can relax your mind and support you into achieving goals.

it is actually an emotional betrayal not to quit early when you are faced with dangerous outcomes especially when you have sighted the danger from afar, the best advice is for you to quit instead of trying to stay. I am very optimistic about myself if I was the one, I would have exit earlier because my ideology has always been built on the half bread is better than none mentality so if I smell any danger from afar, the best I do is quit

[Onyeeze]

Exits used to be emotional warfare. I’d hold, praying for reversals, until small losses grew. Then I learned to exit early not from fear, but from freedom. Early exits preserve capital and confidence.

Now, leaving too soon feels better than staying too long. Freedom beats greed every time.

Every exit shapes the next entry.Do you hold for hope or exit for control?

I know that I've met a contribution in this particular subject but the thing is that even though you quit from trading early if you want to lose you will still lose and if you want to make a profit you will still make a profit, the thing is that you have to understand that trading have procedures and if you don't know the procedures of trading you will lose out of here anything you are doing make sure that you have study your thread very well so that you will know when to go out of market and they know when to stay in the market this has been a problem that most of the traders always Encounter

[nara1892]

 Our goal of trading is to seek profits and minimize losses, so any form that can maximize results and minimize risk should be prioritized, leaving early does not mean you are a loser but you are smart because it is the same as you managed to avoid the potential for greater losses, overtrading is bad and it has been proven that many end up bankrupt because of uncontrolled emotions.

So I agree with what the OP did by getting out early, prioritize peace of mind because when your mind is calm then your analysis and predictions will also be sharper.

[Rockstarguy]

Every exit shapes the next entry.Do you hold for hope or exit for control?

The key is to stick to your predetermined target. If you're targeting a 2% profit in a position and reach it, exit. Lowering your target too quickly, for example, can sometimes lead to uncertainty and confusion, while raising your target can actually lead to losses.
So, sometimes, too quickly is not a good idea.

Having a target in trading is a good practice, but it is important that every target should not exceed the amount of money one can afford to lose in trading. Targets in trading should align with the money you are willing to risk for profit. Some people set targets in trading that they cannot afford to lose; these are very expensive targets.

If the target is within your means and you have already experienced losses and can’t afford to lose more, it is better to exit than to attempt to meet a target when you cannot be certain that reaching it will be profitable. Regardless of the targets you have, never forget your limits and take a step back when you can’t afford it.

[Stalker22]

Having a target in trading is a good practice, but it is important that every target should not exceed the amount of money one can afford to lose in trading. Targets in trading should align with the money you are willing to risk for profit. Some people set targets in trading that they cannot afford to lose; these are very expensive targets.
~

Yeah.  But another important thing to consider is to set your target based on market reality, not your feelings or your bank account. 

"Expensive targets" are not always the issue - bad math is.  If your "affordable" risk doesnt fit the actual trade setup, then dont take the trade.  Simple as that.  Otherwise, you are just donating money to the exchange in small, "comfortable" chunks.

[Achalugo BTC]

it is actually an emotional betrayal not to quit early when you are faced with dangerous outcomes especially when you have sighted the danger from afar, the best advice is for you to quit instead of trying to stay. I am very optimistic about myself if I was the one, I would have exit earlier because my ideology has always been built on the half bread is better than none mentality so if I smell any danger from afar, the best I do is quit

Good one mate, this kind of mindset will make you to be ready at all time, in order to be able to prevent whatever that will lead you into making mistakes or make you into falling in pitfalls.
That is why its essential to make use with the one you have, no matter how small or big it is, just as you have said, half bread is better that none, which is a very powerful quote that will make one not to spend carelessly.

[Wakate]

I think it is normal to feel some pressure while trading. If a real trader wants to be able to cope with pressure, then he must be able to cope with any pressure and situation. Moreover, if you are physically and mentally healthy, you are more interested in doing any work. And can do everything right. I think when our loss starts to slowly increase,It should come out right then. On the other hand when one should return after earning a lot of money. Therefore, in addition to trading, mental goals should be kept.

People don't have to learn everything about the market for them to know when they ought to leave the market.
This is just a common sense for traders to use their faculty and check whether it will be too early or late for them to leave the market.
With everything people are learning about trading these days, it is important for them to know the best time to leave.