Tuesday, May 29, 2012

Valspar trade stopped out VAL:NYSE

My trailing stop has closed my Valspar trade before reaching my second target.  Only time will tell if my stop was placed at the correct level, but, I place a lot of trust in the Fibonacci ratio's and have made this part of my trading plan so I try to enforce it rigidly.   This was a nicely profitable trade after all is said and done.

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