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January 26, 2010

A Review Of My V Trade

I entered Visa ($V) back on 12/22/09 after it made an all time high, with heavy volume, the day before.  It then went sideways for a month and I was finally taken out on 1/22, right below its 50 DMA.  I did manage to move my stop a bit higher over the course of this trade, per my trend system, but lost -0.7R on this one.  Such is life I guess…

I wonder if Chris got taken out of V on Friday as well?

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