$tacks Upon $tacks Of Moolah

[sludgehound]

Interesting short article Training Stops

(May be iffy with subs, but in article it does suggest to
adjust Percent according;y. Exit strategy.)

http://www.investmentu.com/1iutext.cfm?ID=3275p
(short 1 page article - just the crib highlight below)

Today's IU Cribsheet

There are only two reasons to sell: 1) Sell when your reason for entering a trade is no longer in existence, or 2) Sell when your point of maximum pain has been hit. Whichever comes first.

A simple rule of "maximum pain" is the 25% trailing stop. One suggestion for a more advanced trailing stop is the idea of a 3-to-1 reward-to-risk ratio... Ask yourself, "What can I really make here?" Then divide it by three. That's your trailing stop for that position.