PAPER TRADE (WIN)

• Setup: -------------------------------------------------------------------- Daily Range Break
• Entry: --------------------------------------------------------------------- $5.54
• Shares: ------------------------------------------------------------------- 1000
• Stop: ---------------------------------------------------------------------- $5.44
• T1: ------------------------------------------------------------------------- $5.71
• T2: ------------------------------------------------------------------------- $6.15
• Reward:Risk Ratio (T1): -------------------------------------------- 1.7:1
• Exit: ----------------------------------------------------------------------- $5.71/5.63

• Profit/(Loss) With Commission: -------------------------------- $110.80

• Details:
  Daily range break, 1000 shares. This came up on a scan for stocks under $20 that had made greater than a 4% move up the day before. The stock had also been beaten down and was very oversold. I bought at $5.54, anticipating the break of $5.57 a bit. $5.57 also happened to be the 20dma which added to the power of the trade. The trade moved slowly but worked as expected. I could have been a little tighter on the stop to give myself a better reward to risk ratio, but overall a pretty good trade. See charts:

  http://i1155.photobucket.com/albums/p560/ckz8780/6bf40c5f.png