I've been watching Rob Booker's webinars, learning his strategy for trading the gap-ups in stocks that are bullish.  It seems like a good strategy, one that makes good sense. 

My first trade today was $GP, as it gapped up this morning.  I entered the trade at $5.01 and, soon thereafter, it dipped to as low as about $4.60.  I didn't look at the history of the stock moves.  It's a fairly new stock, so I don't know it the previous support at approximately $4.50 would have driven my decision to adjust my stop loss to that level.  I got out at $4.75, which was the stop loss that I set for myself, particularly given my recent losing streak.  As such, I got out of the trade at $4.75.  Then, as luck would have it, it gapped back up past $5.00, almost to $6.  I didn't lose much and I'm proud of myself for sticking to my stop loss.  I wish I could get feedback on whether $4.50 would have been a better stop loss.  With my luck, setting the SL at $4.50 would have yielded a further loss.  LOL.

My second trade today was $RXRX.  This is on the radar of many mentors, given it's a sympathy play off of news with Nvidia.  I watched Bohen's Mid-Day Live and he recommended a swing strategy with $13.50 entry, $12.50 risk, and > $19 target.  I got in at roughly $13.50 and implemented the stop loss strategy that I learned from Rob Booker where I adjusted my stop loss as the price action rose.  The stock has a high float, so it wasn't as volatile.  I adjusted the stop loss to $13.80.  It gapped up to over $14, then briefly consolidated, at which time my stop loss was activated.  It went back up over $14, so I was a bit disappointed.  That said, it was a win and it covered my loss from $GP.  So, as small as it was, I considered today a win. 

I will keep working on finding the right setups and protecting myself through the Stop Loss.  I appreciate the free webinars from the mentors.