Trailing Stops and Position Sizing
Presented by Dr. Richard M. Smith
The bad news is, most individual investors fail to realize the full potential of managing their own investments.
The good news is, there is a very simple reason why. More than any other single factor, individual investors are hampered by the tendency to hold onto losers too long and sell winners too early.
Trailing stops and position sizing are two very easy-to-understand tools that can have a huge impact on your investing success. They can literally be the difference between success and failure.