**When to Quit a Trade:**
1. **Stop-Loss Triggered**:
- Exit the trade if the price hits your predetermined stop-loss level to minimize losses.
2. **Target Price Achieved**:
- Close the trade once the price reaches your target profit level to lock in gains.
3. **Break of Key Support/Resistance**:
- Exit if the price breaks a significant support level (for long positions) or resistance level (for short positions), indicating a potential trend reversal.
4. **Deteriorating Fundamentals**:
- Close the trade if there are negative changes in the fundamental factors that supported your trade (e.g., earnings reports, economic data).
5. **Trend Reversal Signals**:
- Exit if technical indicators suggest a reversal of the current trend (e.g., moving average crossovers, divergence in RSI/MACD).
6. **Time-Based Exit**:
- Close the trade if it has not reached your target or stop-loss within a specific time frame, especially if the position is stagnating.
7. **Market Conditions Change**:
- Exit if overall market conditions shift dramatically (e.g., significant news events, sudden market volatility) that may affect your trade negatively.
8. **Psychological Factors**:
- Close the trade if you experience significant stress or doubt, to avoid emotional decision-making that can lead to larger losses.
