Thursday, April 29, 2010
URZ - Ouch
I stopped out of this one, I gave it more leeway then I wanted.... mistake. Out at $1.62 about, $300 loss. Doesn't feel good, but hopefully it was the right choice. It dropped to $1.54, but is rebounding slightly now. Just way too heavy of a sell-off. I really liked this one for the upside too. I'll have to re-evaluate the chart to see if there is something I should have seen. For one, my first instinct of $1.71 support was where I should have tried entering as opposed to $1.76, but the risk to reward was good I thought. I just didn't exit where I said I would. I don't think I had much of a chance once it did break $1.71. Pissed off....
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