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. 

I’m Praveen Kumar, a seasoned Technical Analyst and stock market trader with over 25 years of experience in the Indian equity and derivatives markets. My passion for numbers and patterns led me to a dual career as a Mathematics Teacher and market technician. I specialize in Technical Analysis, with deep expertise in Elliott Wave Theory, derivatives strategies, and market forecasting. Over the years, my analysis and market views have been featured on NDTV Profit as a financial guest, along with published articles on reputed financial web portals, sharing insights on Nifty 50, Bank Nifty, and stock market trends. As a trader and analyst, I focus on interpreting price action, chart patterns, wave counts, and technical indicators to deliver precise market levels and actionable trade ideas. My approach blends classical charting with modern analysis tools to help traders navigate market volatility. Through VieCapital, I aim to share daily market analysis, trading strategies, and educatio…
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