Trade Management

After the trade reaches the first profit target, moving the stop loss to break-even eliminates risk while allowing the remaining position to run. Very negative breadth should not be interpreted as a thrust-based sell signal. The article discourages trying to trade every ordinary correction. Thrust should not be used as an exit tool or to derive sell signals. Market exits should rely on Dow Theory, the Blay Timing Indicator, stop indicators, and trailing stop losses. The framework aims to exit before serious trouble but not during every light correction. The system is built around major trends rather than short-term noise, with an average trade duration of about one year. Initial stop losses should be placed at clear technical levels where the trade would be invalidated, tight enough to limit loss while respecting market structure. As price moves favorably and smart money continues to show strength, the stop loss should be trailed to protect profits. Traders can add to positions and manage multiple take-profit targets on a 5-minute timeframe. A position should be exited if large buyers step in and then fail to hold price, or if a trailing stop is triggered by a reversal. Traders sh…