Learn how to set up take profit and stop-loss orders in trading to limit risk and maximize profits. Two exit indicators, Chandalier exit and Donchian channel, help with trade management and trend analysis. Use the Chandalier exit to avoid premature exits and maximize returns by setting it to three times the average volatility of a stock. Donchian channel measures volatility and acts as a support and resistance line for breakout trading. Use the stop-loss of two volatility units and the support or resistance line to place stop-losses and exit trades. Money management is important for successful trading.

The Importance of Exit Strategies in Trading
– The Emotional and Complicated Nature of Trading
– The Role of Take Profit and Stop-Loss Orders
– The Importance of Money Management
– The Need for an Exit Plan
The best indicators for Exiting Trades
– The Chandelier Exit
– Using the Chandelier Exit as a Trend Tool
– Adjusting the Chandelier Exit for More Volatile Stocks
– The Donchian Channel
– The Turtle trading strategy
– Using Donchian Channels as a Trend Indicator
– Taking Profits with Donchian Channels
Examples of Using Indicators to Exit Trades
– Chandelier Exit Example
– Donchian Channel Breakout Example

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