The Art of Gradual Withdrawal:

When the increase reaches 30%, first realize one-third of the profit;

When the increase reaches 50%, then sell one-third of the position;

The remaining position should be managed like flying a kite, with the spool always in hand.

If the target established today closes below the 60-day moving average the next day, regardless of the cost, it must be fully liquidated. This rule allowed me to exit the 312 crash in 2020 with only a 15% loss of principal.