PAPER TRADE (WIN)

• Setup: -------------------------------------------------------------------- Bounce Play
• Entry: --------------------------------------------------------------------- $3.96
• Shares: ------------------------------------------------------------------- 1000
• Stop: ---------------------------------------------------------------------- $3.89
• T1: ------------------------------------------------------------------------- $4.10
• T2: ------------------------------------------------------------------------- $4.20
• Reward:Risk Ratio (T1): -------------------------------------------- 2:1
• Exit: ----------------------------------------------------------------------- $3.98

• Profit/(Loss) With Commission: -------------------------------- $7.00

• Details:
  Bounce play, 1000 shares. This was an intraday bounce play. The stock had run up big, pulled back, and then spikes up on big volume from the bottom of the bullback so I thought it might head back to the high of day around $4.10. There was no daily setup though so this was not a good trade. The bounce didn't work (it should have been fast) so I sold a bit later for a profit just large enough to clear commissions. I have made a note to no longer play bounces since they don't work for me currently.