I take positions where I see a 5-10 point gain in the near term. I move quickly and cut losses fast. 7% loss is general rule. 25% gain is general target. Contrarian sometimes-Trender sometimes. Take what the market gives. Always learning.
Greywolf's Chief Technical Analyst, more than 20 years of buy and sell-side experience; Formerly w/ Diamondback, Morgan Stanley, & CBOE Equity options floor trader- Frequent commentator on CNBC, FOX Bus, Bloomberg, BNN- Opinions are my own