I am new and jumped all in...what I lack is exit strategy.
Not a full EXIT but to secure some of your "gains" to real earnings. OR...where/how to convert to cash when you expect a major dive so you can re-purchase when it is low.
Anyone have good tips when and how you do it?
Simple. Exit a trade on weakness and enter it on strength. But it's not as simple as that, market sentiment also matters and it's not as easy to gauge. You sometimes get a feel for it as you gain more experience trading and watching the market 24/7 like many of us do. I'm not saying I'm a good trader by any means but my gains have been more than my losses. I'd surely want my winners to be a lot more than they are now of course but that comes with practice and experience. Hopefully I get there.