SOLD V (VISA) +6.51% GAIN

May 12, 2008 -

I entered around 74.54/Share and sold at 79.39. I had set my stop at 72.5, which gave me an R of 1.7.

Last week I was debating to sell or not, and I should have pull the trigger to sell. I was on the fence about being "long-term" or "short-term", but I don't have the gonads to hold through the "pain" of the past three days.

I gave back too much profit. Ultimately, I needed to protect my gains and hence the reason for me selling the position. I've traded V twice now and each time I've achieved 5+ % profits.

I will be looking for re-entry soon.
 
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