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Author: WizardPhool Big red star, 1000 posts Add to my Favorite Fools Ignore this person (you won't see their posts anymore) Number: of 211  
Subject: CTIC Date: 10/26/2004 12:06 AM
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Since this board has little action, I think I am going to make it my personal board and use it as an interactive trading journal. I welcome all comments in the hopes of making everyone better traders.

So I entered a position in CTIC last Wednesday (102004) at $6.22 on the day after an inverted hammer. The stochastics were trending up along with the MACD. Volume was decent. By all means I think this should of been a good trade. But...

I got stopped out today at a 6% loss. Last Thursday and Friday were low volume declines. Friday however was a bearish engulfing. I should of sold on the open this morning, but waited. When the big dive came, it hit my mental stop and I sold it.

I think I am going to wait until after the election to get back into the market. I just don't trust the market volatility. Money management is key. Until next time, Happy Trading.

The Wizard
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