How Do You Know When You're Wrong and Need to Exit the Trade?

In this video post, I am going to share with you the importance of knowing when you are wrong.

Whenever a trader puts on a trade, he has to know the point to get out when the trade has gone sour. But the question is, when does the trade go sour?

This depends on his original trade idea. If the original trade idea is invalidated, he has no reason staying in a trade any longer.

This is explained with a palladium and soybean trade I recently took. I exited these trades with a win and loss respectively.