There are many well-known strategies that can successfully be used to know when to open a trade. I have found that knowing when to close a trade is equally important, if not more important, than knowing when to open a trade. Sometimes an open trade is in a loosing position and about to rebound. Sometimes an open trade is in a winning position and about to turn around.
What strategies do you use when determining when to close a trade?
What strategies do you use when determining when to close a trade?