A finite-dimensional Markovian open quantum system will undergo quantum jumps between pure states, if we can monitor the bath to which it is coupled with sufficient precision. In general these jumps, plus the between-jump evolution, create a trajectory which passes through infinitely many different pure states, even for ergodic systems. However, as shown recently by us [Phys. Rev. Lett. /textbf{106}, 020406 (2011)], it is possible to construct {/em adaptive} monitorings which restrict the system to jumping between a finite number of states. That is, it is possible to track the system using a {/em finite state machine} as the apparatus. In this paper we consider the question of the stability of these monitoring schemes. Restricting to cyclic jumps for a qubit, we give a strong analytical argument that these schemes are always stable, and supporting analytical and numerical evidence for the example of resonance fluorescence. This example also enables us to explore a range of behaviors in the evolution of individual trajectories, for several different monitoring schemes.