PAPER TRADE (LOSS)

• Setup: -------------------------------------------------------------------- Daily Range Break
• Entry: --------------------------------------------------------------------- $6.61
• Shares: ------------------------------------------------------------------- 1000
• Stop: ---------------------------------------------------------------------- $6.50
• T1: ------------------------------------------------------------------------- $6.83
• T2: ------------------------------------------------------------------------- $7.00
• Reward:Risk Ratio (T1): -------------------------------------------- 2:1
• Exit: ----------------------------------------------------------------------- $6.61

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

• Details:
  Daily range break, 1000 shares. Entered at $6.61 anticipating a breakout. Breakout failed, so I sold about 30 minutes later at my buy price. Cost me commission. I moved my stop to the buy price after the first dip since the stock stabilized. Had I never adjusted my stop I actually would have made 5 cents on this trade and saved $13 in commission since I bought again later at $6.64 for another attempt, which failed at $6.66.