When should you take profits in an uptrend?

Even though CHKR appears in a consistent uptrend, my trading plan tells me to realize profit if a trade exceeds 1% per trading day. This trade was a profit of 3.3% in three trading days.

What do you think? Follow your plan or let a winner run to the end of the trend?

You can use a trailing stop to let a winner run, but a trailing stop will never get you out at the high. If a stock is moving at more than 1% per day, chances are that you will less than satisfied with the result of a trailing stop

If you use the green line (8 day EMA on this graph) it's a lagging indicator. By the time you've realized the line has peaked, the stock might have pulled back 3-5%. With these decisions, it's all about being comfortable with you trading plan and trading style.

With the sort of swing trades I normally do, when the candles penetrates the upper bollinger band (light brown line) for more than three daily candles, usually a pullback will occur, even if the overall trend continues.

So my rule of thumb for the ideal sell point is the high of the day on the third day when the bollinger band has been penetrated.

I'm following my plan and taking the profit, although I like this trend so will be looking for a re-entry point.