Good example of using stop-loss orders for protecting profits on my current trade of Flex Ltd (FLEX)

Which happens to be a Contract Manufacturer in the technology sector, with a market cap of $8.8B

I was really drawn to this stock when it pulled back following the sharp spike higher in January. Not to mention the volume has been tremendious of late, and buyers are seriously interested in this play. With extreme bullish market conditions, this stock has simply climbed higher the entire way. With this kind of strategy it is unnecessary to dive into the world of options and start using protective put or call strategies. 

However, markets don’t go up forever and neither do individual stocks, so I have to manage the downside risk on this trade as if it could turn on me at any second. Originally, I placed the stop-loss just below the lows from 2/2 at $15.31 and have continuously raised the stop-loss since then including the latest yesterday putting it at $16.24. Previous stop-loss increases were at the stock price intrevals of $15.58, $15.74, $15.94.  All along, I am doing what is the absolutely most important thing you can do with a trade, and that is to manage the risk. 

Sure I could get stopped out of it at any moment, but if I do…

I am walking away with some solid profits and I’ll move on to the next trade.

Or…

The stock could just keep climbing like it currently is doing, and I’ll keep raising the stop-loss as it affords me to do. 

So check it out, see for yourself how well orchrestrated the risk management aspect of this trade was, and how it always goes back to the saying of mine, “Manage the risk and the profits will take care of themselves!”