Episode 003: Understanding exits: The #1 ingredient to successful swing trading

Entries, entries, entries.

Traders LOVE talking about entries.

And even though exits are a critical part of trading, almost nobody talks about them.

They’re just not sexy enough.

But exits can make a HUGE difference in your trading results, so it’s time to stop ignoring them.

We’ve received a number of questions from Breakout Strategies Masterclass students about swing strategies and exits, and today we’re going to answer some of them.

In this episode, you’ll discover:

How swing trading is different to other types of trading,
The importance of exits (for swing-based strategies and other trading styles too),
The different styles of exits and which are the most effective for strategy performance,
Trade management techniques and how they can impact the type of strategy you use,
Some valuable insights from one of Tomas’ favorite teachers, including a surprising lesson on the importance of exits over entries.

“When you talk about exits, you have to have in mind two different levels: predetermined exits and dynamic exits.” - Tomas Nesnidal Share on X“You can have a combination of predetermined exits and a combination of some offensive trade management, a technique based on dynamic exits, and then you can really have some mind-blowing results.” - Tomas Nesnidal Share on X“Entries are important, but if you focus on exits and start experimenting with exits, that’s when you can start getting some real differences.” - Tomas Nesnidal Share on X

Resources:

– Want to know more about the Breakout Strategies Masterclass? The details are right here.

– You can learn more about the advantages of swing strategies here.

Do you have any trading questions you’d like answered? Submit them here, and we may cover them in a future episode!