In this episode, "Your Process to Exit an Existing Trade," Alex Novak delves into an often overlooked but critical aspect of trading: strategizing an effective exit from a position. Building on the insights from the previous episode about entering trades, Alex emphasizes the importance of routines and a systematic approach to exiting trades. The episode covers various scenarios, from when a stock is performing well to when it's stagnant or declining, and provides actionable strategies for each situation. Alex discusses practical risk mitigation techniques, such as splitting stop losses at different price levels for better control. This episode is a comprehensive guide for any active investor or passive trader looking to improve their trading strategy, focusing on capital preservation and risk management while navigating the complexities of the stock market.