Time stop

Time Stop
Time stops are stops you set based on a predetermined time in a trade. It could be a set time (open limit time of hours, days, weeks, etc.), only trade during specific trading sessions, the market's open or active hours, etc.

Time stops are an example of instructions issued by an investor to a broker. Specifically, a time stop authorizes the broker to execute an order to exit a given position on a stock when a certain amount of time has passed.

Time Stop
Time stop- it is when an instruction to exit a position or someone is forced to abandon. This happens normally in a specific time period that has passed if certain conditions that have not been met by the end of the set time period.

A time stop gets you out of a trade if it is not moving in any direction, therefore freeing your capital for other trades.
Step 4: Evaluate your system ...

It acts as a time stop. Time stops are used by traders because they enter in buy or sell orders expecting a certain move to occur.

time stop An instruction to exit a position after a specific time period has passed if... time to market The period of time that is necessary to get a product to marketplace.

Longer-term traders should also set a time stop appropriate to the cycle they are trying to capture, in order to avoid tying up capital in positions that are not moving as expected. (See my book, Cycles of Time and Price, pages 176-188.) ...

Answer: Time-based stops may work, but time cycles are 10 times harder to manage properly than price. So your chances of being wrong with time stops are about 10 times as great.

That is one of the reasons we want you to use a time stop in addition to a money stop.

Exit Rules and Guidelines: Profit targets, stop losses, trailing stop loss orders, hard stops, mental stops, technical stops, time stops.
Recordkeeping and Review: What type of journal should you keep? What data will you record in your journal?

See also: Orders, Trading, Order, Position, Stop