Michelle B submits:
Sylvain Thibault commented:
I read somewhere you never give back more than half your profits on a trade. How do you trail your stops on a day trade eg: yesterday’s MXIM.
Perhaps you are referring to this excerpt from the StockTickr interview:
StockTickr: What’s your exit strategy for winning and losing trades?
Michelle: My [...]

The other day Downtown Trader asked me how I handled trailing my stop on that DGX short. I pretty much followed exactly what’s in my post about how I take partial profits. I moved the stop to breakeven once my gain was equal to my initial risk of 50 cents per share. [...]

Vince had the following questions about how I trail my stop loss orders and take partial profits:

Mike - it is great to see your trades - it helps many of us - great job. Question - you seem to acknowledge that at 2R you take partial profit and also at the same time you raise [...]

What a coincidence (do coincidences actually exist???) that just as I’ve been thinking more about money management Worden has had a run of users writing in about money management. Here are some of those letters which were published in the Worden Report (emphasis & links added by yours truly):

Tags: 80/20_Rule, Exits, Expectancy, Kelly-Criterion, Money Management, [...]

Here’s a comment that Justin left yesterday:

I read many charts these days and have some sense about enter a trade . For example, when 50 ema cross 200 ema and use kd as enter signal. It’s not bad for entry. After i coded my though and do back testing on tradestion. The result is not [...]

Here’s an article by Adam Hamilton about how to speculate successfully. It covers what should be familiar topics — money management, position sizing, trailing stops and expecting the unexpected. Here’s a snippet:
This week I would like to discuss tactics that speculators can use to survive and thrive in a limitless environment. The markets [...]

One of my favorite things to do is take a free position and/or lock in gains when I can. Since I had pretty nice gains on most of the positions I initiated yesterday I was very focused on rolling up my stops this morning. I’ve now guaranteed myself (assuming that they don’t gap [...]

TradingMarkets.com has posted an interesting study comparing the results of buying breakouts to buying pullbacks. The results are rather surprising to me. According to the methodology used in the study you would make more money shorting breakouts to new highs than buying them. Although I’m not a big proponent of buying breakouts [...]

A friend just e-mailed this article to me, so I thought I’d also pass it along: My Best Trailing Stop Techniques. Exits are one of the most important aspects of investing/trading, yet far too many people plan how they’re going to get out of a stock. Trailing stops are a great way to [...]