To have a hard 5% stop loss for insiders is tough. You need to look at other factors like the overall market. When the market is bad I will have a quick trigger. When the market is green I let them run a little longer.
Look at our insider results. there are not that many that loose big. I would think about moving it to a 10% loss that might keep you in a little longer.
Hang in there you will get it figured out. We all have losses at times.
Look at ECTY I took a bath on that when it was fist picked and them made a killing later when it was in a pinch.
Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.