Smallcap momentum portfolio

@visuarchie , hello Vishwanath ji,

As you know , I am also following rank based momentum approach.
My query is

In case of rank based momentum strategy, a stock rises in rank and becomes part of portfolio, if rises in price it will become a profit making position, but while going out of ranking list, it may lose out all the profits it has earned, before going out of portfolio when it goes beyond worst held rank. How to retain such profits?
This happened with Gravita…it went to 38% profit and then came back to 12% profit as rank went down.

Can we do this ??

1. Trailing Stop loss , let’s say at 15% from top, to protect the gain…

2. Ranking + technical indicator like 50 day moving average

3. Partial exit , if rank goes down substantially, even if it’s still in portfolio

I know this will increase churn and I am introducing human bias, but this may be viewed as a risk management or profit retention measure, while rank momentum still being the core principle.