If you took the TWLO trade from May 23rd "One Long One Short" move stop up to $58: TWLO 120 Minute This is a 120 minute (2 hour) trigger chart that is preferable over the Daily for exiting a Long trade in this environment. Alternative exits include waiting for a short-term red down arrow, but by then TWLO could be in the mid-50's. The better resolution is a rally into the mid 60's on optimism on then debt deal. This was a $400 stock in Feb 2021. IWM 120 Minute One of the reasons to have tight stops on trading longs is the the big picture bearish view. This IWM short-term chart sets out the bearish EW pattern with particular clarity, along with a couple of key price levels ever so close to getting taken out. TSLA Daily If using a 50% trailing stop on the TSLA calls there are new stops based on higher prices seen earlier today: Stop based on Best Price: $14.10; Stop based on Best Percentage Gain = $19.35
