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Chapter 06 · How I exit

Why does Jesse Rogers not use take profit orders?

A take-profit order is a guess about where you will get uncomfortable. The market does not owe you that number. The useful work is to name the problem areas ahead of price, then trail the stop as those areas print.

If the idea is dead, the trade is dead. A stop getting hit is not the definition of a dead idea. The definition is that the condition or the other side's defense changed. When that happens, you are out. When it has not happened, you give the trade room and you move the stop up as structure allows.

At a new level, treat a fresh trigger as a new trade with its own stop. Do not turn one idea into a hope machine.

Sources: Stop using take profit orders