I think 15 % is too much. You can always get back into the share, I say 3 times average trading range, which on PSG should be 6,5 to 7,5 %. Taking profits or locking in profits have never hurt anybody. Be careful of trailing stop losses, I use fixed stop losses, because it cancels out the intra day up movements, remember if a shares moves a lot up during the day but closes where it opened, if you have a trailing stop loss, it would have move a lot up, and you might get stopped out unnecessarily in the days ahead. Always have stop losses on everything !! Even if you don't think you have to. I have got the t-shirt.
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