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Better System Trader

If you’re looking for inspiration, motivation and practical advice on improving your trading results, Better System Trader delivers every week. Each episode brings you an expert trader who shares their own story, along with the steps, both good and bad, that they’ve taken on their path to success. With a focus on actionable insights, the tips and tricks used by the experts contain loads of value, providing you with insanely practical tips and tools you can start using TODAY. Improve your trading with Better System Trader.
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Feb 23, 2017

In the previous podcast episode with Larry Tentarelli, we opened up the opportunity to submit questions for Larry and received quite a few pages.

Surprisingly, a large portion of the questions were about exits.

Why are exits so hot?

I actually asked Larry why he thought exits were such a hot topic and he suggested that perhaps exits are an area that people really struggle with.

This got me thinking about exits more and I recalled an interesting point that Murray Ruggiero made back in episode 42.

I think Murray raised a really important concept which most traders may not even consider when they’re looking at exits and specifically how to choose the best type of exit for your strategy, which we’ll get to in just a sec.

How do you choose the right exit?

Larry was kind enough to share his philosophy behind exits but you may have noticed that he didn’t give exact details about them, which I think was intentional because it’s something that traders really need to figure out for themselves.

So then how do you go about choosing the best type of exits for a strategy?

Let’s take a listen to Murray answering a question from a listener about exits.

 

Disclaimer:
Trading in the financial markets involves a substantial risk of loss and is not suitable for everyone. All content produced by Better System Trader is for informational or educational purposes only and does not constitute trading or investment advice. Past performance is not necessarily indicative of future results.

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