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Proper or best practice for Stop Limit orders?
we have had unprecedented rise in markets over the past few years and have gains. Looking at ETF's and individual equity holdings, I would like to lock in gains while allowing it to rise. I can adjust my limits as the market rises....ie tight limits. What is the rule or best ideas for setting limits ? 5 % of current price ? Recent support levels ?
Using Moving averages ?
bollinger bands ?
Point & Figure ?
you input appreciated or if you know of a book to look to for reference?