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URL:  http://boards.fool.com/i-have-purchased-some-good-stocks-using-advice-31116983.aspx

Subject:  Re: Trailing Stop % Date:  2/13/2014  8:37 AM
Author:  MapPotato Number:  74251 of 75381

I have purchased some good stocks using advice from "Stock Advisor." I'm looking to learn and gain advice about using Trailing Stop orders in order to protect the gains made. Any help would be appreciated. Frisky

Assuming you are a longer term style investor and hold because you have confidence that your holdings will continue to be worth keeping.

IMO setting stops of any kind for "protection" (except maybe mental) is a losing battle that will only benefit your broker. In my experience as a more frequent trader the best option for taking profit is "Profit Latch". Set a limit order to sell at say 20% above your purchase.

gdm
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