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Qarel:"You could consider a trailing stop at, say, 5% under the highest high after the buy. You start the stop when the stock hits +15%, and place it at a profit of 10%. Update the stop every week, day, hour or moment you would like to update it. Just an idea. Or you could place a GTC order. It is much easier to make the decision to sell at +15%, than to make it after the stock has made that +15% :-)"

I thought long and hard about putting in a stop limit but it is my impression that the brokers/market makers make sure that there is enough volatility in the share price that such limit orders invariably get filled. The result is you actually end up selling for less than you could have. I dont know if this is really happening, but the couple of times I have tried this, it does seem to have happened like that.

regards
Philip

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