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<< We buy a stock, based on our own DD then we set a stop-loss so if the stock goes down from our buyin we limit our losses (the first major rule of short-term trading.)

Once the stock moves above our buyin, we start setting trailing stops to preserve profits (the second major rule of short-term trading.>>

I guess, without having the terminology quite as you are putting it, I am setting limits. I consider my current pix short term because I expect them to be at the profit level I set within a month or two of purchasing them. That is about all the ups and downs and back arounds I can tolerate.
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