Focus on segmenting the trade execution process:
- scanning; hunt for opportunities
- identify; spot a setup
- trade entry; pull the trigger
- manage; set stops and targets
- trade exits; getting out and why
- review; apply what happened
Understand where to take profit when day trading (Exit Strategy); the good ideas for getting out of your trades or investments.
How do we set targets and how do we decide where to exit winning trades?