PAPER TRADE (LOSS)

• Setup: -------------------------------------------------------------------- Bounce Play
• Entry: --------------------------------------------------------------------- $3.41
• Shares: ------------------------------------------------------------------- 1000
• Stop: ---------------------------------------------------------------------- $3.35
• T1: ------------------------------------------------------------------------- $3.61
• T2: ------------------------------------------------------------------------- $3.75
• Reward:Risk Ratio (T1): -------------------------------------------- 3.33:1
• Exit: ----------------------------------------------------------------------- $3.41

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

• Details:
  Bounce play, 1000 shares. The notes I had on this were that the stock was at the base of a wedge on the daily chart. It was a good pattern for a swing trade and I can't seem to find any reason why I entered this trade at $3.41. There is no setup anywhere for that entry point, so I suppose I should have just entered at the base of the wedge (3.20-3.30) and swung it. I stopped flat for the cost of commission. See charts:

  http://i1155.photobucket.com/albums/p560/ckz8780/b8e3d0f6.png