How and When to Exit a Trade: Take Profit and Stop Loss Levels 🎯

● Zak Mir, an experienced technical analyst comments about entering and exiting trades. How/When to Exit a Trade.
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Zak Mir, an experienced technical analyst comments about entering and exiting trades. How/When to Exit a Trade.
How to Determine Take Profit and Stop Loss Levels. I know what works and what works is successful money management over and above charting or the technical aspects. You take a position, irrespective if this was done on the toss of a coin and you move the stop loss with that position until the market stops you out. The key is to raise your stop loss to breakeven level as soon as possible. That way it is difficult to get wiped out and one day you will have a very big winner. I know that sounds like i'm doing myself out of a job but it important to be realistic what is effective and not effective. Money management is so important in this game. I think you can determine the take profit and stop levels using the average true range but really all you need to be concerned about is raising your stop to breakeven.

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[@ukkk123]

One of the best and realistic videos you tube. just find low risk entries and keep doing all day, week,month. your account will grow and grow

[@antonystringfellow5152]

Yep! Preserve your capital. Make loss avoidance your priority and the wins will take care of themselves.

[@czechmateau1123]

Are u still profitable?

[@shaheenhossain1]

I don't know anybody watch this video recently, this is really realistic video out there. At first, I did not understand him, he is truly genius.

[@bmabesamis]

This is going to be my trading bible. Simple explanation yet profound. Thank you Mr. Mir!

[@MoonLiteNite]

most useful info that 99% of these BS youtube videos, all they talk about is how to grow your account and how you can turn 1000$ into millions. What this guy is saying is what i been doing for 6 weeks now, 50$ wins over and over and few 120$s or ... my account is up 33% already

[@MrTruth111]

What do you trade?

[@Tr1Hard777]

How much are you making now....... And did you get a comb for your hairy ass arms with the money?

[@BrettandPepe]

what is your % gain at now?

[@czechmateau1123]

Hi, is this strategy still working for you?

[@terencetrentwatford.632]

They're the one I like £1 to £1 billion in 1 month

[@salmanhussain9967]

This has been probably the Single Most useful video I have ever watched on trading. It teaches so many things (risk management, trade management, stop loss and exit strategy) in such a simple language which just makes sense. Especially, the part about "5 types of trade" and killing your most profitable trade is so true. It has helped me a lot and I can't help but keep coming back to see this. Thanks you for uploading.

[@MrSilain]

This is one of the best trading videos ever! Watched it several times! :)

[@gcstidham]

Wow, didn't realize how helpful this video was the first time I watched. Thanks for the upload!

[@shafichowdhury]

Absolutely practical advice. I wish I watched the video two years ago. It could be a life changer. Thank you Mr Mir. You are the top man.

[@andrewkaplanc]

This has to be the single best advice I’ve come across in a while, can’t wait to implement it!

[@RakeshKumar-fm9cr]

Commonsense isn't common ,this advise proves that . Truly great advise .

[@iliovininino]

Great video and great interview. Solid, clear and simple. The fact that the guy uses the analogy of trades being as his sons, tells you how deep he thought about the issue.

[@9702533214dk]

So much of positivity in this video. Zak Mir is a deep guy. Thanks Zak

[@umeshmehta5132]

The key is to stay consistent with what he said. With consistent application it is a game changer for sure.

[@ronaustinmboya]

I watched this video early last year but didn't really grasp what he was talking about. A year later am back and I can relate everything.

[@mkfcma]

Zak Mir is really good. I met Zak when he was with Sucden in c.1992 and have been very fond of him ever since.

[@underdogunchained]

This is a great video! This guy talks sense.

[@aliqwaider8810]

One of the most useful videos I've ever seen on youtube about trading!

[@jerminemeusa6067]

Wow great advice. This guy knows his stuff. You confirmed something I was thinking about all the time (moving the stops asap)

[@tonyfife3444]

thank you...Mr Zak Mir.." invest smart , keep it simple..!!!! "

[@judgementdayprep]

This is the key. I will listen to this everyday. My style

[@earthpilot8500]

What a great video. I am getting set up to start swing trading and the advice that you provide here will be part of the foundation that I start from. Again, I have to say, great video, in the top 1% that I've seen. Thank you

[@glennpells9712]

This video is the golden nugget.

[@RobertLaussegger]

This is the channel I never regretted to have subscribed to. Tons of useful real life experience presented in an easy and understandable way. But I must say that this video tops all the 100+ I have seen here. Many thanks for making it available to us.

[@whiskey4609]

yea the way they think about things is great, their perspective i mean.. it shows their experience

[@Raildawwwg]

Very useful. About to watch again. Thanks.

[@momomimi5853]

Hi Mr Zak, I really like the analogy of the children. touche'. hhhhh spot on what you said. excellent video thank you.

[@paulybugpaulybug7349]

Nice one Zak, great sense as always.

[@UNCLELEE78]

My FAVORITE trading video!

[@autosassfx1934]

About 80% of the time, I make about 1.5 times my SL and even run into 1:2 RR. but it turns and hit my SL. Proper targeting has been my problem. Just this morning I let 106pips on Brent oil turn into loses and hit my 30pip SL. I'll learn to use this idea very well. Thank you very much.

[@sylviesoleil431]

No-nonsense trading right here ! This guy knows his stuff !

[@VladislavGolovin]

This is great! Truly practical. And actually possible to apply.

[@SkyPowers]

Zak is the man who knows the FIVE!!!!

[@RichHalpinDJ]

Finally, someone answered the question I've been asking youtube for 2 years... Thanks!

[@bluo88]

Definitely one of the best videos on this channel. Thank you!

[@useraboard]

i exit with RVI just like mark teached me, and its very effectiv

[@sarajlijasanjo1708]

Awesome video, excellent advice...Thank you Sir.

[@chiranjeebthakuria9995]

I love these interviews!!!! So much sense!

[@michaeltherapper5058]

Great video. Took me 8 years to learn. ☺️

[@MrTruth111]

Great so I have 7.5 years to go...

[@TheAnkurp09]

Whattt🙁

[@cramshah9538]

MrTruth111 8 years to learn trading

[@daveythehand4964]

Absolutely love this video; thank you.

[@ravichandar5426]

Loved the plane and child analogy,.😄

[@rajeevvarshney5000]

Eye opening for us beginners. Very good explanation Sir.

[@137pain]

this is a great video , straight to the point , basics are everything

[@thinkcivil]

Great advice. I wonder if Zak put together a course on those five types of trades. Golden words on money management.

[@johnoptions9192]

Just came across this video while looking for some word on stop loss after being stopped out several times in my trades without a loss or very little profit. I guess my impatient was beginning to weigh in on me. After watching and listening the video, was encouraged to know I am on the right track. With my trading experience, I could easily relate to the issues raised in the video.The best video on stop loss explanation and other related issues. Kept it short & simple. Good examples used along the way. It has ideas that are relevant now and then. Was the course of how to identify and handle the five types of trades ever made?

[@thylacine1004]

Good point,put stop loss after small profit.....

[@thebible913]

Best advice ever on stop loss

[@CHAMBVRS]

wow...this is some really good insight. Im in the process of trying to execute exactly this consistently.

[@marcushall8432]

Great advice... I listened to this more than one

[@richardrhodes3139]

This was EXACTLY what i did this morning. Had I have held on to what I KNEW would happen on price I would have pulled 50 points. Still had a good day but frankly could have had an AMAZING day and had the rest of the week off!!! Still, tomorrow is another day!

[@chrisacorn2559]

Great vid, excellent information, subbed!

[@Humanresponsible]

It means your confidence to enter a trade without stoploss. You will become a master of entry when you know you dont need a stop loss. You have well researched your entries.

[@edwardbartlett2864]

This is excellent advice and makes complete sense.

[@Sosublime_]

Pure gold right here.

[@bakhak]

This is one of the best videos ever for a beginner traitor to watch this man is extremely intelligent

[@Fingaphunk3000]

Great video, big fan of Zak

[@mostlyinafrica9861]

Lol.. the fact that I’m in a trade in a trade right now and I can’t stop looking at it is funny 😂 Walk away boy!! 😂😂

[@ur-gurl-draws]

Taking profit is easy, not being greedy is tough

[@George-xu4dd]

Excellent advice, thank you

[@bearwolffish]

Easier said than done. Institutions spend so much time shaking us out, moving to break even gets you caught most times.

[@akshayp3879]

Great guy, very realistic advice.

[@Thenarayanaclips]

Thank you for the video.

[@benjaminsosa4067]

Best trading Advice EVER!

[@kevtherev8194]

EXCELLENCE, but few so-called traders will really understand what he really said

[@pothochari3639]

Great channel 👍🏻👍🏻 subscribed

[@Kevin-im2ri]

Excellent video! I swear I always prefer when a UK citizen explains something to me over anyone else in the world.

[@AngusandAndrewfunguys]

Great simple comments.

[@project0077]

Excellent video!

[@johnthanke3690]

Thank you for chat with you in KZbin

[@etaylor38]

Thank You!

[@davefxfox]

this is great ! !

[@TopFalade]

Absolutely solid advice, I've experienced everything that he has said.

[@ChrisMadesh]

The best way to do it is if your trades have equal SL and TP. If one trade can bring back three losses, then that same trade can take back three profits.

[@bryantbett10]

Yes think of it in a mechanical way have a rigid take profit and stop loss and you will be trading like a casino to make consistent profits over a long period of time

[@faridfarid20000]

very very helpfull, thank you

[@sadigov]

How do you deal with stop losses in after hours and pre-market, especially around earnings. Prices can move a lot outside of regular trading hours and stop loss triggers are not triggered

[@pablodee9024]

Excellent!!!

[@RotterStudios]

GREAT VIDEO THANKS! PERFECT

[@AM2K2]

Moving a stop loss to break even as soon as possible is playing not to lose rather than not to win, you may get taken out on noise before the market goes in your favour.

[@sparcx86channel42]

if you put your stop losses to strict, you end up accumulating a bunch of losses. that's the way it is, you must risk something in order to get anything.

[@dasfahrer8187]

I always seem to keep raising mine too tightly and get stopped out on a little pause or pullback before it moves up again. Still really struggling w/that one.

[@tonyo5406]

Very ,very ,very good video

[@_N0_0ne]

Thank you

[@MsDeathGuy]

I don't know what it is but he has ....got ....it!

[@dev07845]

well explained sir

[@zokotroko7707]

very useful videos

[@sammcvea1069]

Thanks 😊

[@Yanisoz]

Brilliant!

[@Mr1987atul]

I exit half qty when i feel scared of reversal and for rest half qty trail SL to breakeven and let it run till i get 1: 4 RR

[@apex-hybrid]

Such big nuggets here

[@nitinjain9683]

how quickly should i move my stop loss to my buying point ?

[@tradingwithwill7214]

if you move stop loss up too much too fast you get stopped out with daily volatility and miss the gains

[@Mmax389]

Sound advice.

[@kormeneable]

Excellent

[@brianbayer4868]

This guy makes a lot of sense

[@osytrognsy]

loved it

[@juliao.1839]

thank you

[@kikowhitney]

thanks.

[@itslike123]

Moving SL or tp screws with statistics and probability

[@thefullenergychannel2879]

The pullbacks make me s..t myself lol nice I had a nice dive once and it really tore into my account because I jumped in when the market opened big mistake

[@RedCandles_]

Half of people tell you to move to breakeven the other half tell you to accept the risk of a trade. They both tell you it's common sense. Correct money management is different for every person/strategy. Backtest your shit and decide for yourself. Don't just take some confident guy in a suit on the internet's word for it.

[@Soccer10139]

Next time I will set up my stop slow right under candle lol