How to find the correct exit price for my long positions?

General
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There is no correct pre defined exit price as such. It varies from individual to individual. It can depend on few factors like

  1. Individual risk reward ratio. Pre defined target levels and varies individually.

  2. Support and resistance levels.

  3. Holding period: If its for intraday or for few days,weeks or months.

  4. Technical Indicators: Generating counter signals.

  5. Any systematic events or company related news may also influence.

Try to exit based on any one or more factors instead doing randomly or on gut feeling.

1 Like
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Because what happens with me is that whenever I am long on a scrip first it goes up but then slides and I don’t seem to find the correct price to book the profits, my stop-loss gets hit all the time.