Gifts Are to Be Graciously Accepted

Today we received a gift from last night's long, RNN which is currently up 16.78% and as high as 25.8%. Trades like this, especially under $5.00 should be considered gifts. You want to either take your profits, or take partial profits, maybe your original investment or half, whatever suits you. They can disappear just as fast.

On the other hand, this may be the start of a new trend, this is why I say you might consider taking partial profits, but you never want to let a trade like this turn into a loss. It may consolidate for a month before another move up and that is opportunity cost. So make a choice that makes sense to you, but make a choice.

This is also an example of why we buy at the open and at market. A limit order would have missed this trade.