Originally Posted by savant111
For positions you are willing to hold 1-8 weeks, Where is the point you look to protect profits? And where do you put in your stop?
I never go in with any preconceived notion of holding any minimum length of time.
As a general rule of thumb, I will not let any profit over 1% percent turn into a loss. I tend to get out of things fairly quickly, and will retry something often if I still like it.
Nothing pisses me off more then letting a Green trade turn into Red.
I use IB for my daytrade online acct, so I can get in and out fairly cheaply on most stuff.