Dislikedi often hear that "exits are more important than entry" and vice versa, or things like "the money is in the exits" etc. but one thing i could never understand...what is the difference between an exit and an entry? with regard to the expectancy of the system, entry and exit are both are technically the same thing, no? if i short GBPUSD, why does it matter if that trade is getting me in or out of a position? shouldnt i have the same mindset for both trades?
this question is not aimed at you Mr. D, because you are talking about human habits, which is a different thing...but your post sparked me to ask this quesiton to everyoneIgnored
But why do we have to take something simple and make it so complicated all the time?
Simply put, unless everything tells you to take a trade in the opposite direction, You have to ask yourself why would you be exiting .
I never thought of hunting for a trade in the opposite direction to determine an exit, but I think I might try this for a bit and see what happens.