What do you consider a nice profit?I could have sold snap for a nice profit on Friday but decided to hold it cause I think it will go up with all the trouble facebook is having and twitter too.
Your cost is 23.18; Although the high Friday was 23.96, it traded there for less than a minute, realistically you might have got 23.68 a 50 cent gain. Is 50 cents a nice profit?
It closed Friday at 22.42. As it stands you now have an unrealized loss of 76 cents.
How far are you going to let it go down before you give up and take your loss.
By far the most important part of trading is keeping your losses small.