Exit Strategy – Key for Any Trading Plan

In the movie Inglourious Basterds, Aldo Raine (Brad Pitt) hated the idea of Hicox (Michael Fassbender) meeting Bridget von Hammersmark (Diane Kruger) in a bar in a basement.  The emphasis was basement.  Why?  Enclosed space with no exit if they came under attack by the Germans.  In this part of the interview, Pirouz emphasizes the importance of having an exit strategy.  This, he says, is what causes the most trouble for beginner and intermediate traders.  The market often doesn’t act exactly as you expect it to, so what is your backup plan?  How will you get yourself out of trouble?  MarketHeist’s Jeffrey Lin interviews Pirouz Hendi, Stocks Strategist for Hamzei Analytics’ HFT Stocks & Options.

 

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ABOUT PIROUZ HENDI
Pirouz Hendi graduated from California State University Fullerton with a BA in Business Marketing. Pirouz started his career in the financial industry at Prudential Securities in 1999 as a licensed Stock broker after successfully completing series 7, 63 and 67 securities exam up until 2003. Pirouz has been an independent trader in the equities market since 2007 with primary focus on individual stocks and ETFs. Pirouz has successfully completed the beginner level of CBOE option courses and is planning on completing their intermediate and advanced level courses as well.

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Market Merchandise: Options, Stock,
Players: Trader,
Styles: Momentum Trading,
Strategies: Directional,
Skills: Position Sizing, Risk Management,

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