First Trade - AMD

So here is my first trade...it is currently still open.

My position is long AMD 600 shares @ 5.69.

I looked in a stock screener www.finviz.com (awesome site, btw) for stocks with above average volume, near their highs, and with some pretty good short interest out there to add some fuel.  AMD came up and looked like a promising bull flag opportunity.  Unfortunately a good thought mixed with poor timing and entry will leave something to be desired.

The stock did not break out as I bought it (unfortunately I had to place a buy stop order because I can not get my entry 100% due to work obligations) which leads me to think I should wait for a break in short term trend, or try to buy in at the lower trend line to get a better price with a smaller stop loss.  I left the position open as it was running against me because the lower trend line had not been violated and let the price make one more attempt at my target.

Right now I am stuck weather to sell out at 5.94 as price approaches resistance and re-buy it on an upside break, to let it ride some more and tighten my stop, which is currently at 5.74 because I also do want to keep my trading commissions paid for at least.

I will give it some thought overnight...right now I am leaning towards lowering my stop to reduce the risk of getting stopped out on morning chops.....