Entry was sloppy and timing was a few seconds too early. But my strategy was pretty good. Had i waited, my plan would have been at $5 risking only a few cents. It immediately brokeout nicely following price action. Another reason i left besides my crappy entry was the fact that the overall markets were doing TERRIBLE!!! So I didn't want to see RJET randomly crack. Lesson: Had the right idea but entry was bad. Breakouts are slower in BEAR market and you tend to have more time to get better entry.