PAPER TRADE (WIN)

• Setup: -------------------------------------------------------------------- Intraday dip buy
• Entry: --------------------------------------------------------------------- $4.25
• Shares: ------------------------------------------------------------------- 1000
• Stop: ---------------------------------------------------------------------- $4.15
• T1: ------------------------------------------------------------------------- $4.45
• T2: ------------------------------------------------------------------------- $4.75
• Reward:Risk Ratio (T1): -------------------------------------------- 2:1
• Exit: ----------------------------------------------------------------------- $4.35

• Profit/(Loss) With Commission: -------------------------------- $87.00

• Details:
  Dip buy, 1000 shares. LNET blew up just after 11am so this was a buy on the pullback to the old breakout spot. It gave me a solid support and a good, low risk entry. After the stock stabilized I moved my stop to $4.19 giving myself only 6 cents risk. The plan was to catch the bounce and ride back up to the high of day and beyond, but it just kind of stabilized after my purchase. I decided to let it ride and sold at $4.35 just before the close for a 10 cent gain. Realistically I would have been watching this like a hawk though, so I likely would have sold at $4.40 at 3pm since it was moving slowly. Toward the end of the day there was a nice pop up to $4.44 so it did reach my target but not until just a couple minutes before the close. One of my concerns on this was that the volume dried up right after I bought, so it could have broken to either side, but with only 6 cents risk it was worth it to hold on and see what happened. I give the trade a C+ overall.