This post was contributed by a guest author, and does not necessarily reflect the views of Richard or MovetheMarkets.com

I closed a trade in JSX ENERGY INC (JSXG.PK). I bought it because it made a new high on a volume uptick. I closed it today at my breakeven point. The stop was literally zero, so my position size was very small. My target for this was a double, but in retrospect I should have sold yesterday as it closed weak and volume dried up. This brings me to the conclusion that I need to revise my penny stock system. Not a big deal, since it’s still not even really a system. It’s more of a change of direction in my thoughts. Anyway…

Here’s the chart:

And the daily view:

Trade Summary:
JSXG Long 5 Shares
Entry: $1.85, Stop: $0.00, Target: $3.70
R: $9.25, Exit: $1.88
P/L: 0.02R, or $0.15

This post was contributed by a guest author, and does not necessarily reflect the views of Richard or MovetheMarkets.com