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Author: MapPotato Big gold star, 5000 posts Old School Fool Add to my Favorite Fools Ignore this person (you won't see their posts anymore) Number: of 75880  
Subject: Re: Trailing Stop % Date: 2/13/2014 8:37 AM
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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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