Entry comments: This is an IRIS play that hit. Put in a 5% stop. Potential upside is 410.81.

Exit comments: Put in a top and 5%, and it stopped out. I need to keep my losses smaller than my gains. My risk tolerance for IRIS plays and trades in general at this point of learning is 5%. I am happy with this trade even though it was a loss. In looking at it a few days later, the stock gained a little, but it would still be a loss. I am moving on to the next trade.