What is your exit strategy?
I would like to have a clear vision on how to extract my funds if another bull run happens.
What are your opinions? I am trading in USTD
Thanks!
Exit strategy is depend your money management to set take profit point, in this topic your mindset as trader/ investor take big part. Meaning who are you exactly, opportunist or safe person?. Time and calculation will create stop loss and take profit point depend your idealism. Up to you my friend but let me remain you never enter market before set your stop loss and take profit point.
But you are really missing the technical part. Not just our money nor time should decide where and when to exit. We should have proper plan for booking profit as well as for stopping the losses. When we do not have any one of these then we should avoid taking positions. It is like we are entering into trading without proper plan. Having a trading plan and sticking within that is more important for making consistent profits. A trading signal/call should have entry and exit levels for both positive and negative market trend.
After money and time, there are a lot of other criteria to be playing for deciding the outcome of your trading. One of them must be your technical analysis. So, you must give more importance to that.