Replies to post #13750 on lowtrade

[lowtrade]

Nothing has changed, why change your order. Concern was the watch word. I would do nothing until something changes from what is expected. Target 15% would have a mental trailing stop at say 5%.

Trailing stops can't be used with stocks less then $5.00 so you have to watch the stock price and place the sell order.

Trailing stop;
A stop-loss order set at a percentage or dollar level below the market price - for a long position. The trailing stop price is adjusted as the price fluctuates, by the brokers computer order system. And not placed into the open market until limits set by you are reached.

As long as the price goes up the stop order goes up. If the price comes down the stop order is activated. This allows you to keep your gains without reseting stop loss target.