Exit with a Plan

Spot on. Having a plan before you enter a trade is half the battle, but knowing exactly when and how to exit—especially when things go against you—is what separates consistent traders from the rest. Emotional exits usually lead to revenge trading or holding losers way too long.

When trading with a prop firm, having a strict exit plan is crucial for respecting daily loss limits and drawdown thresholds. If you panic and let a trade run past your risk parameters, one bad session can breach your account.

How do you handle your exits when the market gets volatile? Drop your thoughts below!