Coop, can you define your exact sell order settings for this concept?
So on AIM I bought in at $2.69, it is currently sitting at $2.80. I initially put my stop loss at 5% below purchase price. Once it moved up I adjusted it to $2.69 so if it craters I break even. If it hits $3 I will move it up to maybe $2.80, etc and keep moving it up as it goes.
I have my profits set at 25% in case I am not on and it pops up. If I am on and it starts moving I will remove the sell order and watch it carefully.
On Webull you click on the stock in Holdings section, and Choose Take profit/Stop Loss and set them there. You can then slide the price and adjust on your chart screen, I really like this in Webull.
On Robinhood you have to do this twice, once for stop loss, once for sell limit. You can also set a Trailing Stop Order, choose a % off the high that you want to sell. If this was on RH, and it climbs to $3, then drops say 5%, it would sell automatically at $2.85.
The Trailing stop loss is tough because sometimes a consolidation drops quite a bit and can cost you a few % points, but if you can’t watch a lot, it can be handy. I happen to be working nights right now so can play quite a bit.
Here’s a pic of my current sell order, at break even stop loss, 25% profit lock.