Raise your Stop now?
That is often something to consider once the price starts moving higher. If you had a stop set at 2.70 you might want to raise your stop as the price moves higher, maybe. Some people place their stops at their original entry once the price moves higher to keep them Even in the event of a retrace. Some people never change their stop, especially if the price can be volatile, and some people raise their stop as the price moves higher so as to keep any gains they might have made. It is a personal decision, the only Given is that there Is a Stop limit set. I like to use support as a stop limit when Long and move the stop higher as the support moves higher. That way whenever the support fails you are out of the trade before it can move lower. Again, it is a personal decision.
Good Luck Sara! :^)
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