First paper trade in about 2 mths. I was taking a break and going back to basics and studying all the dvds. Big % gainer. dipped a bit at the open and then bounced. After a second bounce it created a bit of a channel at 0.047 which is what i was looking for so since it was holding i entered. it started going down after i entered so i cut my losses at 0.46 without hesitating. it did bounced but im happy i reacted quick. i re -entered tho. ill explain on my next trade.