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How do you know when it’s time to get out of a trade? Here are three things that make me get out FAST.
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When it comes to trading, it’s better to leave the party too early rather than too late.
I’m talking about timing and when it’s critical to exit a stock. It can be hard to know when you should get out ... that’s why you NEED to watch this video.
Nope: it’s not a fun lesson, but it’s a useful one.
So when should you get out of a trade ... especially when it’s not going your way? In this video, I talk about three key indicators that make me cut losses quickly.
How important is it to cut losses quickly?
It’s vital. Take, for instance, my top student Tim Grittani. He started with $1,500, and he’s now over $9 million in profits.* One of the keys to his success? Cutting losses intelligently. He didn’t get to where he is by accident.
(*Tim’s results are NOT typical. He’s dedicated time to build his trading knowledge and hone exceptional skills. Most traders lose money. Always remember trading is risky. Never risk more than you can afford.)
I share important signs that you should look for to see if it’s time to get out of a trade.
For example, is this a speculative trade or is it a go-to pattern?
I’ll tell you about the difference between these two types of trades ... including what might make me speculate that a stock price could go up and why I might pounce on it.
But remember: there’s a lot you must carefully consider when making that type of trade. You need to ask yourself things like...
Does the company have credibility?
Is there something to back it up, and could it really run?
Are there short sellers?
Could it run 50%, 100%, or 200% like some recent runners?
Once you consider these factors, what should you look for in terms of stock characteristics, price action, potential supernova moves, or signs of a potential breakout?
If you’ve ever been in doubt about the right time to exit a trade, don’t miss this video!
Do you understand the nuances I’m talking about in this video? Can you adapt and consider multiple factors at once? Leave a comment and let me know!
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Hey, it’s Tim Sykes, millionaire mentor and trader. Thank you for watching my videos. I hope that they help you. I want to share everything that I've learned over the years. You can check out more videos right over there, and also click ‘subscribe’ so that you can watch all of these videos, get that knowledge and become my next millionaire student.*
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* Results may not be typical and may vary from person to person. Making money trading stocks takes time, dedication, and hard work. There are inherent risks involved with investing in the stock market, including the loss of your investment. Past performance in the market is not indicative of future results. Any investment is at your own risk. See Terms of Service here:
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