PAPER TRADE (LOSS)

• Setup: -------------------------------------------------------------------- Sympathy Play
• Entry: --------------------------------------------------------------------- $5.44
• Shares: ------------------------------------------------------------------- 500
• Stop: ---------------------------------------------------------------------- $5.35
• T1: ------------------------------------------------------------------------- $5.80
• T2: ------------------------------------------------------------------------- $6.00
• Reward:Risk Ratio (T1): -------------------------------------------- 4:1
• Exit: ----------------------------------------------------------------------- $5.31

• Profit/(Loss) With Commission: -------------------------------- ($78.00)

• Details:
  Sympathy play, 500 shares. Another very stupid trade similar to HEAT today, but this time in reverse. I know that HEAT and CLNT typically run together but neither was really holding its breakouts today so sympathy plays weren't working. I simply should not have traded this, especially on a stock that was so thin since it's tough to get filled at your stop price (I filled 4 cents lower). I could have scalped this trade for the quick 12-15 cent pop which is what I should have done, but I held too long going for the home run. Not to mention the stock had already opened red, gone red to green and then showed huge weakness with a huge selloff, so a bounce was not very likely even with sympathy for HEAT.