are defined by higher highs and higher lows. The uptrend on the daily timeframe in Sina Corp (SINA) is now confirmed by the uptrend on the 5 minute chart below. When it comes to taking profits everyone has different styles they are comfortable with, I like to sell into strength and hold partial balances for larger moves. Trend traders should use the very definition of trend for setting stops, which timeframe you decide to base those stops on is up to you. My book shows how to identify trades such as this one and then manage risk and determine where to take profits.