observation : price volume exit
till now I use to exit a trade based on price action. I simply just trail the position.
one more way to exit a trade can be hitting support or resistance. Since day trade usually gets real-time data into their charting software backfilled up to last 6 month, unless you are using expensive data or maintain separate database of different time frame. Which I think is usually not enough to look back into history to find support or resistance. neither I have done extensive observation based on pivot point and its variation.
I am trying to look for clues from volume and price in combination which can provide me reasonable exit. but I am not sure how I will do this. Also, my past experience says it is always hard to exit than entry.
one more way to exit a trade can be hitting support or resistance. Since day trade usually gets real-time data into their charting software backfilled up to last 6 month, unless you are using expensive data or maintain separate database of different time frame. Which I think is usually not enough to look back into history to find support or resistance. neither I have done extensive observation based on pivot point and its variation.
I am trying to look for clues from volume and price in combination which can provide me reasonable exit. but I am not sure how I will do this. Also, my past experience says it is always hard to exit than entry.
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