Most retail traders lose because they exit poorly. We took an entry-side rule and applied its mirror to exits. The compounding effect is sneakily large.
A good entry can still become an average trade if the exit is vague. We found the desk was giving back too much after clean first targets.
The change was simple: after a target hit, the trade had to keep earning its open risk. If confirmation faded, the desk stopped waiting for a perfect final exit.
The rule helped winners, but the larger effect came from losses that stopped expanding after the setup had already changed.
That is the kind of improvement that feels small trade by trade and obvious when you see it across a quarter.
Exit discipline is one of six pillars in how the desk trades. Related: a practical guide on how to avoid liquidation trading Bitcoin futures, and the public tape showing exit discipline in action.
Subscribers get this every morning. Where the market sits, what the desk is biased toward, and what would make it change its mind. Read the full unredacted version.
ReadA look back at the strongest and most painful stretches in the archive. Patterns we saw, lessons that stuck, what we changed.
ReadBitcoin doesn't move up and down the same way. Long winners and short winners have different shapes, so our exit logic adapted.
ReadSee the full system view - how the desk reads markets, places trades, and explains every decision.