PAPER TRADE (LOSS)

• Setup: -------------------------------------------------------------------- Sympathy Play
• Entry: --------------------------------------------------------------------- $7.59
• Shares: ------------------------------------------------------------------- 1000
• Stop: ---------------------------------------------------------------------- $7.39
• T1: ------------------------------------------------------------------------- $7.80
• T2: ------------------------------------------------------------------------- $8.00
• Reward:Risk Ratio (T1): -------------------------------------------- 1:1
• Exit: ----------------------------------------------------------------------- $7.46

• Profit/(Loss) With Commission: -------------------------------- ($143.00)

• Details:
  Sympath play, 1000 shares. When this started to push, CLNT was running. Typically HEAT and CLNT move together, but unfortunately there was no real setup in HEAT. I bought it way too high since if it should have been bought anywhere it was at $7.50. A buy at $7.50 would have given me a much better reward to risk ratio since this stock has a history of big moves and it was not out of the question for it to run 40-50 cents in a matter of minutes. Soon after I bought the stock tanked almost 20 cents. My stop was at $7.39 and it came close to hitting but never did, plus CLNT stopping its run so I figured my chances were dead and I sold for a 13 cent loss. Even though it did run to almost $7.80 a few minutes later, it was not related to CLNT and there really was no setup so I give this trade a D. This is why I am trading on paper for now :)