Entries, Exits and Trade Management
A practical path on managing a trade from plan to close: defining an objective entry trigger, expressing risk as the one-R unit, setting a realistic reward-to-risk target, and writing the plan before you enter; then managing the open position with breakeven moves, trailing stops, partial profits, and the asymmetry of letting winners run while cutting losers; and finally exiting on invalidation rather than fear and reviewing each trade by process, not just outcome.
- Module 1free
Planning the Trade
The decisions made before and at entry, while you are still objective: the trigger that gets you in, the stop that defines one R of risk, the reward-to-risk target, and the written plan that turns management into following a script.
- Module 2free
Managing the Open Position
What to do while the trade is live: moving to breakeven without strangling the trade, trailing a stop to ride a trend, taking partial profits and what they cost, and the asymmetry of letting winners run while cutting losers.
- Module 3free
Exiting and Reviewing
Closing the trade well and learning from it: exiting when the reason for the trade is gone rather than when fear strikes, and reviewing each trade by the quality of the process rather than the luck of the outcome.