lowtrade

[lowtrade]

I call someone holding under a month a swing trader, from 1 month to 3 months a position trader and 3 to 6 month + an investor.

Exit strategies are personal, just like entry. But IMO a bear market exit needs no strategy, Because by the time the market becomes bear, most of ones personal exit strategies should have already taken them out. The goal of going to the sidelines is to avoid being taken out.

IMO the problem you have is needing a 30% gain before putting on a trailing stop. There is something wrong with what you posted. If your acceptable loss is 4% below entry, the trailing stop should go on the day you buy, not at a 30% gain.

to minimize loss I sell when PPS hits -4% of price bought. To lock in gains, I set a 4% trailing stop on quote when PPS hits 30% of price bought

So if you do place a 4% trailing stop on at entry. You will be taken out long before you see a bear market. I'll pretty much guarantee your stocks will lose 4%, while the indexes retrace to 20% down. Basically the bear market subject should be a non issue for you.

Think I'll have to put something together on trailing stops for the board. I have posted many times all entries need acceptable loss protection as much as gain sell goals. Using trailing stops in a cool way to squeeze a few extra drops out of the play, be it short, mid, or long term.