When to Close a Stock Trade

Recently I posted a presentation by Jim Tebay called Sample Trading Plan Using VectorVest. A few months ago I presented another one of Jim’s documents on exiting stock positions at the Las Vegas VectorVest Users Group.

One of the biggest mistakes commonly made by stock traders is closing positions at the wrong time or in the wrong way. This presentation describes exits in general, as well as details of more advanced stop techniques used by professional stock traders. Closing positions properly is much more important to success in stock trading than opening positions. In future posts I will go into more details on how I close directional positions. For now, I recommend taking a look at Jim’s presentation.

Please leave comments, questions and criticisms as comments here. Jim and I will respond. Jim also hopes your input will help to improve his exit approach.

Tags: beginner traders, FAQ, stock trading system, stops

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