From 94b70b6fd22f63669896d9e186be7dcca251cbb0 Mon Sep 17 00:00:00 2001 From: verymeticulous Date: Sun, 2 May 2021 15:08:54 -0400 Subject: [PATCH] Update and rename Simple-and-Effective-Exit-Strategies.md to 2020-09-25-Simple-and-Effective-Exit-Strategies.md --- ...=> 2020-09-25-Simple-and-Effective-Exit-Strategies.md} | 8 ++++++-- 1 file changed, 6 insertions(+), 2 deletions(-) rename Exit-Strategy/{Simple-and-Effective-Exit-Strategies.md => 2020-09-25-Simple-and-Effective-Exit-Strategies.md} (97%) diff --git a/Exit-Strategy/Simple-and-Effective-Exit-Strategies.md b/Exit-Strategy/2020-09-25-Simple-and-Effective-Exit-Strategies.md similarity index 97% rename from Exit-Strategy/Simple-and-Effective-Exit-Strategies.md rename to Exit-Strategy/2020-09-25-Simple-and-Effective-Exit-Strategies.md index 76c19d9..740aaa2 100644 --- a/Exit-Strategy/Simple-and-Effective-Exit-Strategies.md +++ b/Exit-Strategy/2020-09-25-Simple-and-Effective-Exit-Strategies.md @@ -1,7 +1,11 @@ -**[Source](https://www.investopedia.com/articles/active-trading/020915/mustknow-simple-effective-exit-trading-strategies.asp)** - # Simple and Effective Exit Trading Strategies +| Author | Source | +| :-------------: |:-------------:| +| [Alan Farley](https://www.investopedia.com/contributors/53687/) | [Investopedia](https://www.investopedia.com/articles/active-trading/020915/mustknow-simple-effective-exit-trading-strategies.asp) | + +--- + Traders spend hours fine-tuning entry strategies but then blow out their accounts taking bad exits. In fact, most of us lack [effective exit planning](https://www.investopedia.com/investing/understanding-exit-strategies/), often getting shaken out at the worst possible price. We can remedy this oversight with classic strategies that can enhance profitability. Before we jump into the strategies, we'll start with a look at why the holding period is so important. Then we'll move into the misunderstood concept of [market timing](https://www.investopedia.com/terms/m/markettiming.asp), then move on to stop and scaling methods that protect profits and reduce losses. ### KEY TAKEAWAYS