I just realized that I need to clarify: the 10% stop loss I propose setting would be 10% above it's most recent high, whereas you keep moving your levels up, on higher highs.
For example, if something makes a 70c high one day, your 10% stop loss would remain at 63c, even if it spent the next month trading up and down between 69c and 64c. However, if it moved up to 75c, then my 10% stop loss would move up to 67.5c.
I just realized that I need to clarify: the 10% stop loss I...
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