PAPERMONEY TRADING This was a good dip buy. Price opened at 7.30 and immediately began to drop. I was anticipating a bounce. Always wait for confirmation of the bottom. I saw good support from yesterday near 6.00, a green hammer with a low at 6.15 on the 1 min chart, volume was rising along with the price, and a wall of buyers on the level 2 data kept rising. I used a 10 cent stop loss initially but after I was up 20 cents per share I moved my stop loss up to 6.56 to protect my gains.