Which is where we get the term Random Walk.
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Others may use technical analysis principles to set stops.
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No one knows the future, but paying attention to how a security is trading will certainly help you make more profitable decision.
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The bulls think prices will move higher and the bears think prices will move lower.
You could also trail the stop.
When the correction is complete the final phase of trend advancement occurs usually at the slowest rate of change for the whole progression of the trend and then this too corrects.