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Exit
FundamentalsThe price and moment at which a trader closes a position. Exits should follow predefined rules: hit profit target, triggered stop-loss, indicator signal, or time-based condition.
Related Terms
Entry
The price and moment at which a trader opens a position.
Stop-Loss
An order to exit a position when the price moves against you to a predetermined level.
Trailing Stop
A dynamic stop-loss that moves in the direction of the trade as price moves favorably, locking in profits while allowing the trade to continue.