HOW TO: Trade Vale Iron Ore with a Trailing Stop Loss.

VALE struggling to keep up with Chinese Iron Ore Demand

Was having a bit of a read through Yahoo News and spotted this article showing that the two biggest Iron Ore suppliers globally are having trouble keeping up with demand out of China. Vale has had a couple of set backs operationally, but looking at the chart looks like the share price might start moving higher again and most of the supporting indicators looking reasonably bullish.

Article: au.finance.yahoo.com...-race-020511635.html

A 16% trailing stop loss as shown on the chart would have kept you through most of the gains made over the last 12 months, whereas you can see in the chart below a 15% trail would have stopped you out early.

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Almost a 9% run before pulling back a bit into its normal channel.