Tuesday, December 19, 2006

Swing Update - CTRP

I mentioned back here that I took a trade in CTRP. Well, here is how the trade turned out.

1. Why did I take this trade?
Because the stock was showing all the signs of a classic breakout pattern.

2. What was the initial stop?
1% below my entry price of 60.13.

3. Why did you exit where you did?
Because I was micromanaging my trade. In my opinion, CTRP has at least one more good up day in it.

4. Is there anything you would do differently?
Yes, keep my stop back at yesterday's intraday base @62.70.

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