It is common wisdom among successful traders that you should know when to exit a trade before you open a trade. This is actually the easy part. The difficult question is when you enter the market again after you exited a trade.

Good and Bad Trades

Good trades are trades that are following a profitable trading system. Bad trades are trades that are done on the fly, based on emotions. Good or bad trades have nothing to do with how profitable that single trade was. Good or bad trades are all about trading long-term in a systematic, profitable way.