Very often the trend movement reaches its climax, which is characterized by an increase in slope of price movement on a chart and a large amount. At this point, all traders feverishly trying to ride the trend. The most advanced traders go against the crowd, closing positions on such thorns. Other traders prefer to set goals for their trades. Targets are often placed near the levels resistance for long positions and about the support levels for short. Sometimes also used for placement purposes structural market movements or vibrations, which are also visible on the graph.
Sometimes also to install objective measure of risk is used regardless of the schedule. Finally, there are traders who love the magic numbers (Fibonacci, etc.) and use them for the exits. Maybe you guessed that the correct answer to the No question. Any technique may work well in certain market conditions, but not work in others. You can help trader skills, but there is no evidence that the trader who uses intuitive foot gets more profit than one who uses one every time and tighter tactics. For day traders have some very important psychological aspects of working with the outputs.
Often, day traders enter the market very quickly after opening. In this situation, you have to decide whether you want to use an exit strategy, which requires you to keeping the price, or choose a strategy that will allow you not to sit all day monitor. For me the answer to this question is long.
