Yes, at $3 or just below it As Rayjohn was pointing out, you could use the bottom of the last trailing tail, which would be near $3. You can see that when DYN was uptrending that using the previous trailing tail as a stop limit would have locked in any gains. Again, it is a personal decision on how tight to set a stop, especially with a volatile stock. You want to allow some movement but still keep yourself out of an extended selloff and perhaps lock in some already hard earned gains. If using a trailing stop when DYN was moving from $4 to $5 or $3.50 to $4 you could have kept most of any capital invested and not have had to ride the downdraft. How tight you set the stop would depend on your risk tolerance. A Stop is not something that you Want to get hit and if a stock is Uptrending should not be hit. It should be there though to protect your capital and prevent a Small loss from becoming a Big loss. Good Luck Sara! :^)
Another example of using trailing tails You can see in this SPX chart that a trailing stop at the last candle tail as support would have allowed you to capture the gains out of any short term move in the SPX. How tight to set your stop is the question. In my opinion it is better to set a tight stop and then look for a re-entry when the stock starts moving Up again, JMHO though. Good Luck Sara! :^)
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