#COW Principal Protection Exit (Protecting the principal is the primary goal of trading)

If you use technical indicators to find trading opportunities, you should also use indicators to guide your exit.

People often find it emotionally difficult to let go of a trade. Profits can make people euphoric, and even losses can be exciting, like sliding down a slope, thrilling and stimulating.

When the indicators signal an exit, no matter how you feel, exit as soon as possible.