Entry comments: IRIS play with potential upside of454.75. Keep risk at 5% and lock in gains if in a downtrend. Once it hits a 5% gain, I will move the stop loss up to break even or put in a trailing stop of 5%
Exit comments: I put in a stop to break even, and the stock kept gaining so I put in a trailing stop of 5%. I am happy with this trade in terms of discipline, but when I stopped out, it did gain. It is still above my sell price three days later. However, I am sticking with my system.
Paper Trade - IRIS Recommendation - bought 75 shares at 3.89, sold 25 shares at 3.86, sold 25 shares at 3.90, sold 25 shares at 3.91, overall trade gain was 0.25, 0.09%
Entry comments: Saw the consolidation pattern for a couple days after an earning spike. I set an entry price at the breakout. Holding this one over the weekend after not taking a small win on a little spike.
Exit comments: It didn't break like I thought, so grabbed a small win.
scratch
Need to learn to be more patient and sharpen up my entry.
Never attempt to copy or mirror the trades discussed on this website or in alerts. Attempting to do so may result in substantial financial losses. Alerts are not provided in real-time. For that reason, it is highly unlikely you will be able to buy the stocks at the same entry price, or sell the stocks at the same exit price, to achieve the same or similar profits obtained.
