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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