Contract winner catalyst was good, entry price on a dip was a good move; however, the intended target of 3.42 was too high for the Daily Range of this stock. Past daily ranges are typically in the 0.15-0.20 range on this stock. My expected target was too aggressive considering that the entry price into a stock is very rarely at the bottom of its range. SET CONSERVATIVE TARGET AND AN AGGRESSIVE TARGET. Should have used 0.10 per share as my CONSERVATIVE TARGET and 0.20 as my AGGRESSIVE TARGET.