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3/5/10 Trade

Well, today we had a confirmed gap and go.  The market gapped up and essentially rallied and consolidated all day.  It wasnt until 1:30 EST that the TF gave the first percent r buy.  It was tough to take as the market essentially had been going straight up.  I did pull the trigger and got in at 1134.25.  This left my target at 1139.25.   I got a little conservative by taking the trade off at 1138.50.  The trade was a struggle to hold even until there.  I was tempted multiple times to pull it off for BE and then extremely tempted to at least pull half of at +2.5 pts.  For a pt I was somewhat convince the trade was a loser because it seemed like it was struggling to break the IB high.  Glad I stuck to the plan and held for at least +4.25 pts.

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