I use tight stops, which I adjust daily. I let winners run, but take half off when my goals hit. I only trade from my watch list and if technicals are right. I try to avoid buying when overbought or outside channel.
I've learned the hard way...
Trendfollower trader (independent), senior contributor for TheStreet.com & Stockpickr.com. Chart reading junkie. Pattern recognition chart player. Day/swing trader. Love small caps. Give me a catalyst! Follow me on TWITTER for all posts @zerosum24