PAPER TRADE (LOSS)

• Setup: -------------------------------------------------------------------- Daily Range Break
• Entry: --------------------------------------------------------------------- $4.91
• Shares: ------------------------------------------------------------------- 1000
• Stop: ---------------------------------------------------------------------- $4.85
• T1: ------------------------------------------------------------------------- $5.15
• T2: ------------------------------------------------------------------------- $5.40
• Reward:Risk Ratio (T1): -------------------------------------------- 4:1
• Exit: ----------------------------------------------------------------------- $4.91

• Profit/(Loss) With Commission: -------------------------------- ($13.00)

• Details:
  Range break, 1,000 shares. I bought the intraday break of $4.90 which was also a break of the 50dma on the daily. It was a strong setup but the volume was a little weak on the daily chart. I didn't want to sell prematurely so after the price took off I moved my stop to the buy price to make it a flat trade. Cost me the cost of commission. Watching this stock tomorrow for another shot at the same breakout. It should go in the next few days, just wasn't ready today.