trade

Having a good exit strategy is one of the important components of a profitable trade. Unfortunately due to the uncertainty of the stock market, traders may find themselves exiting by their stop loss after the price plummets, even though they started well in the trade. Beginners may also find themselves hesitant in sticking to their stop loss especially when they see sizeable return for their money. Market conditions can change pretty quickly, so deciding when to exit will determine your profitability.