Jack on winning trades, 5

...cont'd from yesterday...

Continuation of discussion about managing a profitable open position based on Schwager on Futures: Technical Analysis.

8. When taking partial profits, always use multiple price targets limits to exit (while using a trailing stop for the remainder of your position). Don’t exit all of your winning position at one single price (except when your stop loss or trailing stop is hit).

Here’s an article I published November 13, 2006 on Trailing Stops

...back July 15/08, taking a two week holiday ...

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