PAPER TRADE (WIN)

• Setup: -------------------------------------------------------------------- Intraday Range Break
• Entry: --------------------------------------------------------------------- $5.34
• Shares: ------------------------------------------------------------------- 1000
• Stop: ---------------------------------------------------------------------- $5.25
• T1: ------------------------------------------------------------------------- $5.45
• T2: ------------------------------------------------------------------------- $5.55
• Reward:Risk Ratio (T1): -------------------------------------------- 1:1
• Exit: ----------------------------------------------------------------------- $5.43/5.46

• Profit/(Loss) With Commission: -------------------------------- $85.50

• Details:
  Intraday range break, 1000 shares. This was called by one of the traders in our room around $5.30. I bought on the break of the last run (really the top of a cup and handle) at $5.34. The entry was good but I set my stop too loosely to justify a good r/r ratio. My stop should have been $5.30 or $5.29 which I moved it to quickly after the stock broke out. Overall it was a decent trade but I sold too soon on the second half since it was getting close to the close of the day. To perfect it I should have started with the $5.29 stop and I should have held for the last five minutes to grab that extra 10 cents.