Bought SPLIF at .72 out at .82 (2,000 shares) made $200 on my very FIRST trade after about three months of studying. My goal was to make 10 to 15%. I got in a little late on the dip from the high of .94. Intraday it came down in the .60's but bounced and held solid at around .70 to .72 (when I bought) with level 2 showing strong support on the bid. The latest news on this stock was positive, and traded a little over 2 million in volume the previous day (3.7 million today).
It was a little more risky I think going into this trade, because the stock has never traded this high...like ever! In case it didn't go my way, I was set to cut losses quickly, but intelligent. Instead, it went my way, and I was able to take the MEAT OF THE MOVE! It's a good first step, but still have a lot to learn.