Ask Colin

PROFIT PROTECTION

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1. I am concerned about giving back a lot or all of my profit on good moves because the logical stop-loss is so far away. Any thoughts?
2. I currently use pivot point lows as my trailing stop, but they do not always appear. What else can I do?
3. What trailing stop do you use for your value model?
4. Do you consider Risk/Reward ratio important for choosing stocks to invest in?
5. Some professional traders have talked about using the reverse 2% rule to protect profits. Have you used it in your trading approach and is that compatible with your two models?
6. I would like to ask regarding how to set a profit target once I have entered into a trade. I have often lost my potential profit where I sometimes get out to early or stay too long in the market. How do you manage this kind of situation?