Trade Exit Strategy Checklist - Its for you if you also trapped in emotions.
Lots of traders failedto exit properly and trade without plan. Follow this sim0le check list. Save in your mobile phone or youcan take a print of following.
Before Entering the Trade:
1. Entry Price: __________
2. Target Price: __________
3. Stop-Loss Price: __________
4. Partial Booking Levels (if any):
Target 1: __________ (Book 50%)
Target 2: __________ (Trail Stop)
During the Trade:
[ ] Is price near the target level?
Yes → Book profits as per plan.
No → Hold as per plan.
[ ] Has a sudden reversal signal appeared (e.g., price action, indicator, volume shift)?
Yes → Book partial/full.
No → Continue.
At Target Hit
[ ] Book profits at target.
[ ] If you wish to ride more, shift SL to cost or trail it (example: 0.5% below last swing high/low).
If Price Moves Beyond Target:
[ ] No regrets — your planned profits were taken.
[ ] Optional: Re-analyze for a fresh trade, but never chase the missed move.
If Trade Hits Stop-Loss:
[ ] Accept it. Losses are part of the game.
[ ] Log it in your journal.
After Every Trade:
Record:
Entry/Exit Price
Profit/Loss
Whether you stuck to plan
Emotion felt during trade (greed, fear, calm)
What you could improve
Trading Affirmation Before Starting the Day: "I trade my plan, not my emotions. Profit is a result of discipline, not prediction."
Keep repeating this Affirmation in your time as much as you can.
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