My exit guidelines for momentum burst swing trades

Momentum bursts are sharp impulse moves in stocks of 3 to 5 days . In 3 to 5 days stocks make 8 to 40% move . The following guidelines are for swing trading these kind of moves

• Exit if a stop is  hit. Stop is low of the entry day or half the days range depending on where I enter. As far as possible I try and keep stop less than 4% and ideally less than 2%. On high priced stocks my stops are even closer.
• Exit on 3rd or 5th day (for $ b/o) if stock does not move much post entry. This indicates momentum burst got aborted after one day move
• Exit at least 50% of position on third or fifth day at close. 80% of trades would be 3 days hold. By third day the moment stocks goes up start protecting profit by moving stop 25 to 50 cents below the high. This needs to be done intraday as many big impulse move can fade quickly.
• After your entry next day or same day if the stock goes up 8% or more exit 50% of the position and move stop 25 to 50  cents below the high of the day to protect profits.
• Exit a stock in pre market or at open if it gaps up 20% or more after your entry next day or third day.
• After 3rd day if you want to keep holding keep moving stop to low of day everyday after that.   

These exits work for swing trading only.