Finding the right ETF to buy or sell is only half the battle; having a disciplined exit strategy is what separates average traders from consistently profitable ones. Most traders focus all of their energy on the entry, attempting to find that perfect time to buy right before an ETF takes off. While the entry is important, the exit is where money is made or saved. Failing to have a sound exit strategy means you will likely take profits too early or too late. Learning to exit both profitable and losing positions is one of the greatest skills you can ever acquire as a trader [see How To Swing Trade ETFs]. Profit-Taking No matter what your skill level, some of your trades will show a profit … at least at some point. Your job is to decide when you will realize that profit and close the position. Take it too soon [...] Click here to read the original article on ETFdb.com. Related Posts: Ten Commandments Of ETF Investing Third Time’s A Charm? Best ETF Plays For QE3 ETF Insider: Be Wary Of A Dead Cat Bounce Daily ETF Roundup: XLF Leads The Rally, GLD Plunges Daily ETF Roundup: XLF Jumps On U.S. Data, GLD Slumps On Profit Taking
Finding the right ETF to buy or sell is only half the battle; having a disciplined exit strategy is what separates average traders from consistently profitable ones. Most traders focus all of their energy on the entry, attempting to find that perfect time to buy right before an ETF takes off. While the entry is important, the exit is where money is made or saved. Failing to have a sound exit strategy means you will likely take profits too early or too late. Learning to exit both profitable and losing positions is one of the greatest skills you can ever acquire as a trader [see How To Swing Trade ETFs]. Profit-Taking No matter what your skill level, some of your trades will show a profit … at least at some point. Your job is to decide when you will realize that profit and close the position. Take it too soon [...]
Click here to read the original article on ETFdb.com.
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