[walterw]

al : first welcome to TL ¡¡ you will have a diversity of ideas and diferent aproaches on this topic, any off them are finally valid, it depends on how your trading style is to choose wich one makes you feel more confortable, let me add my concept to this : PRICE ACTION and this price action is pivots to pivots (higher highs, higher lows, lower lows, lower highs etc..) when you are "trailing" the market, you are following the markets action, nothing better (from my stand point of view) than price action.... each of this pivots are key places to add or reduce your positions.... whatever your trading aproach maybe... thats a basic concept here, if interested we can get deep into it, now RRR its where I find the true edge to this trailing aproach, especially because I get the chance of having very tight stops vs large gains... cheers Walter.