HOW TO EXIT A TRADE

1. TRAILING STOP(PRICE OR INDICATOR) 

A trailing stop is a type of stop-loss order that automatically adjusts to the market price, it's designed to protect profits by enabling a trade to remain open and continue to profit as long as the price is moving favorably but it also closes the trade if the price reverses by specified amount. This can be particularly useful in volatile markets or when you want to let your profits run while still managing risks. 

2. MANUAL EXIT 

One can also choose to manually exit the trade by selling at the market price or placing limit orders at specific prices that a trader determine based on his or her analysis and strategy. 

3. SET STOP-LOSS ORDERS 

This is an order placed with a broker to buy or sell once the stock reaches a certain price. 

It's used as an automatic way to limit potential losses. 

4. TAKE PROFIT ORDERS 

Similar to stop loss orders, take profit orders automatically close out your position when the asset reaches a certain profit leval you've set. 

5. SUPPORT AND RESISTANCE TRAILING STOP

A support and resistance trailing stop is a method of adjusting a stop-loss order as the price moves in favor of the trade instead of setting a fixed leval for the stop-loss, traders adjust it to follow behind the price using support and resistance leval as guide. 

For example :if a trader enters a long position at a support level, they might set their initial stop-loss just below that support level. As the price moves up and new support levels are established, they would adjust their stop-loss to trail just below this new levels. 

Similarly, for short positions entered at resistance levels, traders might initially set their stop - loss just above that resistance level and then trail it down as lower resistance points are formed. 

This approach allows traders to lock in profits if the market reverses while still giving room for potential gains if trends continues.

N/B this strategy requires active monitoring of charts and may not be suitable for all trading styles or time frames. 

6. RAPID MARKET TRAILING STOP

A rapid market  trailing stop is a type of stop- loss order that automatically adjust as the market price moves forward. It helps lock in profits by continously updating the stop price to trail the asset value. This can be particularly useful during volatile trading conditions, as it allows for potential gains while mitigating risks. However, it require careful monitoring and understanding of the market dynamics to use effectively.