How you figure it out, whether be it a intraday, swing, positional trade or long term investing, how you take your exits…?
I follow these three exit strategies:
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Entire a pre determined trade with both reward and risk defined and once target is hit…book the gains
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If trading with multiple lots, keep booking part gains on various intervals. Let’s say stock is at 900 and trgt is 1000 with SL 870…then, i book 20% at 920 , 20% at 950 and rest at 1000
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For investments, the strategy is generally…either the stock breaking long term supports and moving averages or even better, when some adverse news hits the market which changes our investment thesis.
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It’s better if you have system that has predefined exit. I don’t have a proper system yet. I am a discretionary trader trying to build a system.
For the successful trades that i have had, i have always booked partial profits if the price moves in my favor and then trail the remaining position i have looking at the market structure.
Whenever i have deviated from this plan i have incurred loss or lesser profits. It has been hard for me to keep up with the plan. I think the difficult part for me in trading that is keeping up with my own plan.
Have an exit plan, i dont know if booking partial profits and trailing the rest will help you but give it try and see.
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Trading and investing are different obviously, and day trading is very dynamic, more so with options, so the rules that apply for day trading which are based on time frames of minutes are not the same when it comes to long term investing, where the time frames could be as high as a couple of years, depending upon a lot factors both fundamental and technical.
Swing and positional could be closed a predetermined profit levels, or with trailing stop losses if the price goes beyond our expectation.
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I take exit if price touch my target and start consolidating there or start falling from there with break of 5 or 9 EMA, else i remain in trade.
But problem occurs when price is near to target or suppose if my target is 80 point and price start consolidating there or start falling from there, then it becomes difficult for me to either book whatever profit i have gained or wait for either stoploss to get hit.
@Prakashsingh as you have suggested to trail profits, it seems a good approach to this condition…
This is clarity, not difficulty. You have choices before you. If you can afford loss in anticipation of price going higher later, you can wait, or you cannot afford loss, book the available profit.
I think then its better to take whatever the profit available at that point by trailing stoploss rather than wait for stoploss to get hit…and if price goes again…i can take entry again…this way, i think, i can go middle way in these situations…
Yes, obviously any profit is better than stop loss 
When we are walking in 40 degrees of heat, if someone gives a lift even on a bicycle, we should take the lift
Be nimble with your position. Don’t be married to the position. Conviction in trade comes with a good plan/system/strategy. Have a good one.
If you are not comfortable with the trade then either there is no plan or you have put on too much size on that position.
Stranger danger.
Intraday costs are very high - taxes and slippages add up.
Best answer is to test these things out and then you will have answer that you can maybe trust.
Even when i had some initial market stats support, i did not make money because of this in and out before stop hits logic. Maybe that works if you are good at discretion or in highly liquid and low cost US markets, not here - atleast not for me.
For higher TF, dunno not tested
From whatever i have learned about trading, till now, there is only 2 presentation of successful breakout, which i found.
Either, it will give a huge trend or either it is just to trap retailers (considerably small kind of breakout).
Volatility also play very important role here, cause when volatility is high, the moves of even small timeframe gives high points. But even then it can’t we said that breakout will long last or it is just to trap…
Hence, the first kind of breakout is easy to play with, as it already gives huge points and touches everyone’s target… But the second kind of breakout is just a confusing one… Even it may be a rehearsal of first kind of breakout…
Currently I’m trying to figure out how to determine the type of breakout as early as breakout happens… If there any specific point i can catch…
One point i catched is that big breakouts are more stable and maintain a slighty high pace till they last… But small breakouts occurs with high pace in price and trend reversal with good consolidation…
I think…if i can tight my grip on this little more, i can escape some of my stoploss (oviously they occur in first type of breakout only) and close trade with little profit or breakeven…
But as you said…it is more of the matter of backtest and experiment to know which way is more good over a long period of time… I will definately like to give a testing before making any firm decision.
This is because of buy the dip trend going on.
All the best bro, make more profits next year.
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Since covid recovery, shorts have gotten tougher if you enter with trend, ie after it has already fallen a bit. This year was toughest i think. Lots of reversals. This is against long term tendency, although we get cycles - few years shorts don’t work as well and few where they give a lot. Point is what has happened recently need not hold in future - ofc there is always chance that market behavior will shift permanently.
Now, either we can test the data and understand/adapt. Or you can be a discretionary trader who feels these things and goes with the flow. So if you can manage it, trade based on how things are working recently and when they change, adapt quickly. I prefer to trade long term behavior while tweaking to manage tough markets.
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Contrary to many people, you acknowledge the possibilities even if you had not experienced them, and perhaps may never 
I should take it positively or negatively, i mean it is my weakness or strength 
…but why you thought that…
Tere baare mein nahi hai ye
He always says, things can change, he never says, things will be like this only.
Like this line.
Jab umr bad jaati hai, kuch log kai cheezon ko maante hai, aur kuch log badalte nahi aur maante nahi
Ha anything and everything is possible in this market 
…
Nau jawan log se market badal raha hai. Budde log ko jaane ka waqt aa gaya hai