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So what should I have done? 1) Put a sell order in right then and take the profit. 2) Put a sell order in at $2.40? 3) Hope that it was still higher when I got back 5 minutes later?

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Trader Brian Jones

@MasterBJones

Mar 27

Last week I was in a small cap day trade. It wasn't doing much. I bought it for $1.90 and it was trading around $2.04. Then it started moving higher. It was very volatile as it was hit with an algo. I thought it could go to $2.40? It was in the $2.20's when I HAD TO LEAVE.

2:13 PM · Mar 27, 2022Twitter Web App

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Sold before you left.

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why not just put a stop in at $2.20 or $2.18

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It was moving between bids and asks so fast. Any trailing 10% stop or near any stop would have instantly been taken out. It actually did hit $2.40 after If I only had a sell order there. Just a mistake on my part. I just got caught by surprise and wasn't prepared.

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Trailing stop @ 10%

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trailing stop loss of 20 cents

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Put a sell order in and take the profit. There is always another trade. When you have time to return and focus on the screens, there will be another trade waiting on you, that’s the beauty of the stock market. 🙂