LOSS

• Setup: -------------------------------------------------------------------- HOD Break
• Entry: --------------------------------------------------------------------- $7.91
• Shares: ------------------------------------------------------------------- 424
• Stop: ---------------------------------------------------------------------- $7.70
• T1: ------------------------------------------------------------------------- $8.50
• T2: ------------------------------------------------------------------------- $9.00
• Reward:Risk Ratio (T1): -------------------------------------------- 2.81:1
• Exit: ----------------------------------------------------------------------- $7.68

• Profit/(Loss) With Commission: -------------------------------- ($112.04)

• Details:
  Intraday HOD break, 500 shares (filled on 424). Looking back at this it was a very weak setup. I was playing a break of the high of day, however the high of day happened two minutes before I bought, which really means I was buying an extended move. I should have either bought this at $7.75 when the true breakout happened or not bought it at all. On a stock with a 10 cent spread you can't chase since the price can drop 30 cents in a matter of seconds (which is exactly what it did). Usually when I play this stock I just scalp it for 10-20 cents but the timing needs to be perfect and this time it wasn't. Overall I give this trade a 3/10. Got caught in the heat of the moment and made a bad decision to buy too high.