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.