that sounds close to what he recommends. He mentioned in one of his webinars that after going over past trades his average loss was around 5%. So a hard, no matter what your brain tells you stop at 8% with the ability to close sooner of it doesn’t feel right sounds ok. He also talks about trailing stop losses being useful and I got the impression that he employed them often. I am not the guy to ask on what is good or not so I am just answering based on what I remember Minervini stating. I tried to mesh his modified CANSLIM style with a long options strategy using small position sizing+scaling into winners and so far not so good lol.
Please note that the IBD’s RS is different than RSI...the latter being an overbought/oversold indicator with the former being the stocks closing price divided by the S&P closing price.