Giving back profit: what's your tolerance?

Every trend trade gives back part of its profit before the exit — that's the cost of letting winners run. The question is how much give-back your plan tolerates and how you set that number.

What's yours?

• the give-back your exits allow (trail distance, % of peak)
• how you chose it
• the trade where the give-back felt unbearable

The ATR guide gives a volatility-based way to set the tolerance.