This note is a bit late, but I figured it would be worth it to ask a question.  I bought this because I was bullish on the QQQQ's, and I was right. But after turning a near 30% return in 1 day, the market sold off hard and hit my stop at my breakeven point.  My question is, is it common practice to use stops when trading options?  If so, I guess the lesson learned it to move to stop higher with the price.  Thanks!