Hi Ken, I use .25 trailing on breakouts (+/- .25) because I recon if I enter on momentum the stock should follow through and if not I will immediately know it was a bad trade. If it reverses after 10c or so I get stopped out for 15c loss. If it continues I wait for the trailing stop to hit my b/e point, add the spread and pull the trailing stop and add a hard stop just over my entry. Whatever happens ( almost) I can't take a loss on the trade now. I'm in it safe. Nows the time to manage it. I have a target and I either hit it or feel sustained loss of momentum (2-4 mins) I'm out. It's not healthy for me psychologically to watch retracements, hoping that the momentum will return. If it does, thats another wave, thats a new entry, not the wave I was trading, I've long been out and considering a re-entry.