12/14/11 Live Nasdaq Trade: $25 risk, $800 max profit

Here is a live trade that was just taken. At previous day's lows, you want to look for buying opportunities, if previous day's low is broken, then you want to look for short opportunities.

I took a long signal around previous day's lows. The max risk on this trade is $25, which will eventually have the stop moved to 1 tick above entry, for a risk free position, worst case scenario making $5. The max profit target on this trade is $800, but the position will be managed accordingly depending on market conditions.