I'm new trading.  So needing a little feed back on my thoughts on trading HEB.   I purchased HEB yesterday at 1.49.   I thought of keeping HEB through the announcement. I thought if this stock surges to the $2 range I would put a stop loss in at about 1.60, thinking that is enough of a gap that it would not trigger unless the FDA rejects their drug.   I thought this might protect me from a huge loss and also give me chance to be in if the FDA approves their drug.  Never used a stop loss before.  Any thoughts? 

Placing a stop order at 1.60 (especially if you're unable to keep a close eye on your stocks) isn't a bad idea especially since you will still be realizing a profit at this price point. Although I usually like to move in 1/4 point increments (.25) , I think it is a decent gap amount as HEB has been sideways for the last two days (I assume due to the pending the FDA announcement) trading between 1.68 and 1.73.  Disclosure:  Of course this is my opinion and only you know what you're willing to risk.

I never put in the stop because we still have a good time before the FDA decision.  Big oooh.  I can only laugh at what happened today.  Hanging on for the ride but thanks for the 1/4 point idea.  I will look at that monday.  I don't think the decision will be made before tuesday.  I want to tell you I do admire your trading strategy and after this stock plays out I will try to learn how you do it.  About me.  I have not traded open market in a long time.  I have been placing about 20% of my income in Roth and 401K.  I have always been sucessfull there, however mostly because I work for Ford and have that available in the 401K.  I have learned how to play F.  The Roth.  100% now invested in Matthews China, and the 401K I am 100% invested in Ford looking to just go long for now and not trade in and out of it like I had done for much of the past year.  The Roth I'm up 42% ytd, 401k I'm up about 180% ytd.  Last year my Roth lost 20% so about even there, the 401K I was up about 60%.  I thought I was the king of investing until I signed up with tradeking and saw how people like you do in the market.I think I have the decipline to play the weekly trades as you do. However, I only started out with 3600.00 and without a big hit upward this could just get boring. I think I will still wait for the announcement and use your stop loss idea and might expand I little more than a quarter point just to stay safe.

Ami, You Rock,

Robert.