Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Technology Stocks : Renren -- Ignore unavailable to you. Want to Upgrade?

To: Lahcim Leinad who wrote (133)	7/6/2011 1:01:47 PM
From: Trader J	Read Replies (1) \| Respond to of 310

Trailing stop is always best .... perhaps <stock price - 10%> which I've used on well-in-the-money trades. Often times, depending on just how badly I really want to own the shares, I'll lock in a guaranteed 10% or 15% profit and set one stop at that level to ensure that minimum return. For this trade it would be about $8.50 or so ... which gives enough room for some profit taking, while not being too thin that a quick dip closes the position when they shake the tree.