If you’d prefer to read The Importance of Exit Strategy, see the article series here:
Or in one PDF download here: https://yourtradingcoach.com/ebooks/
Otherwise… enjoy the videos…
I had an interesting chat recently with a subscriber about the current ‘financial meltdown’, which addressed two main areas of conversation that I felt would be worth sharing via my website and newsletter. What are my thoughts on the financial crisis, and how do I trade the news or allow news to influence my trading?…
I highly recommend spending some time every now and then just playing with your charts. Try something new. Or see if you can apply old ideas in new ways. Just occasionally, you may find something useful. Today I'd like to share a simple tool that I've been using for the last few years, alongside…
Active Trade Management for most people simply involves trailing of the stop loss order, first to breakeven and then behind significant price features as the market moves on its path towards the target. However there are other options available for those who wish to explore further. It can also involve scaling in and out of…
This image was posted on social media recently, to highlight the way that the opening range can help minimise early damage to your P&L. I received a message in response to the post: This has me curious. Did you trade it? Can you show us the trades? If you did stand aside, at what…
The following is an extract from some great Q&A with one of the YourTradingCoach newsletter readers: Question: Lance, I have been watching those videos on your website and the more I watch them, the more sense they make. They are great, but as you may have guessed I have questions. Firstly, your style of…
This is a theme that has been constantly pushed at YTC since right at the beginning. Seeing the trade BEFORE price gets there. This ensures that trades are pre-considered. Pre-planned. Not emotional reactions to sudden price movement. How do we do this? Project your analysis forward. Given the current structure and the wider context, where…
This was great. I found these even more helpful now, a few years into my trading journey, then I did when I first watched these in the beginning.
Thanks. I haven’t watched these for years myself. I’m glad they continue to provide good info for traders. (Sorry about the poor production quality on those vids… I was new to that stuff!)
I found a lot of value in watching your videos on the Exit strategy. I often struggle a lot to decide what’s the best exist strategy for me. I usually keep an eye (market awareness) on the strength/weakness of the price action in the direction of my trade and decide whether I want to let my winners ride or take the profit and exit. As you rightly mentioned, there is no right strategy that works every time. What REALLY matter is that you end up making a profit (even if its a small one) than a loss (at least minimize it as much as you can) to fight another day. Thank you Lance for sharing these video series!
Thanks Swapnil,
I appreciate the feedback and am pleased you found value in this video series.
Best of luck with your trading,
Lance.