PAPER TRADE (WIN)

• Setup: -------------------------------------------------------------------- Bounce Play/EOD Run
• Entry: --------------------------------------------------------------------- $15.28
• Shares: ------------------------------------------------------------------- 500
• Stop: ---------------------------------------------------------------------- $15.20
• T1: ------------------------------------------------------------------------- $15.50
• T2: ------------------------------------------------------------------------- $15.60
• Reward:Risk Ratio (T1): -------------------------------------------- 2.75:1
• Exit: ----------------------------------------------------------------------- $15.45

• Profit/(Loss) With Commission: -------------------------------- $85.00

• Details:
  Bounce play/EOD runner, 500 shares. I noticed that DHI had bounced off $15.20 which was a previous resistance spot on the daily. It had also tapped the $15.30 level on the intraday (5 min) chart which was an indication that it was trying to break through for an end of day run. I bought in anticipation of the break of $15.30 (at $15.28) and set a stop at the support on the daily ($15.20). I was a little concerned that there was one rogue candle on the daily with a high of $15.38 but I didn't think it was enough to hold the stock back from hitting at least $15.50 and probably $15.60 (the high of the day) as it was smooth sailing to both on the daily. I sold at 3:56pm right before the market closed for a 17 cent profit.