How to Define Exits?

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So I figure I've got my entries sort of sorted out these days. This also makes it easy to define when to get out when you're wrong.

However, I find getting out when in profit is much less black-and-white than being proved wrong on a trade since profits are technically allowed to be unlimited. Any help on better defining your exits would be very much appreciated!

I figure this could also make a good topic to discuss exits in any strategy on any time frame, too. It doesn't have to be limited to any one style/strat, just exits in general.


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