Why Exit in Trading is very important for traders

Exit from your trading positions is an important quality a succesful traders needs to develop.-The exit is critical to being a successful trader. Let your winners run and your losers run out quickly. Two factors determine your exit, the Target and the Stop loss you have set on entering the trade.
Today was a classic example, for trades who are interacting on Facebook. We has advised on Sell on Yes Bank with  traget of 343. Stock plummeted to 343 today made a low at 343, message was sent to book profit. Though only few traders would have booked profit rest would had held for more lower targets as Greed emotions must have crept it. Stock bounced back heavily and closed around 367, Many traders saw there paper profit coming down drastically.So if you want to be successful trader exit a trade is as important as entering the trade.
We have discussed few points which might help in fixing target and trailing stop loss.

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