How to Trade a Stock in a Tough Market

The stock was extended there and I had a pretty good gain in a short period of time. In a market that's been tough, I'm going to take some profits off the table when I have them. A decent gain is 20, 25, 30% in a few weeks or even a few months. That will help me finance my risk now. If the stock comes back down and moves against me, I've backlogged some profits...I don't have much risk anymore.