Posted On: 12/26/2013 7:53:21 PM
Post# of 2561
MRIN Daily Chart ~ A Mistake on My Part Today
Having not checked my positions this morning before leaving for a couple of hours, I failed to spot MRIN trading way outside the upper bollie. The result was that I missed an easy sell near 11.00 to return to a share price that had fallen to the low 10.00. That's normally not an issue with the Big Boards, but MRIN is fairly thinly traded. I'm in my second swing trade here, but I clearly should have exited seeing the stock that far outside the U.B. Had I been fortunate enough to have executed that simple call, I would now be looking to re-enter at the 10.00-10.10 level. That error cost me approx $1800 in lost profits. Bummer! Now I'll wait to see if the stock reverses quickly to regain some of that lost dinero.
Having not checked my positions this morning before leaving for a couple of hours, I failed to spot MRIN trading way outside the upper bollie. The result was that I missed an easy sell near 11.00 to return to a share price that had fallen to the low 10.00. That's normally not an issue with the Big Boards, but MRIN is fairly thinly traded. I'm in my second swing trade here, but I clearly should have exited seeing the stock that far outside the U.B. Had I been fortunate enough to have executed that simple call, I would now be looking to re-enter at the 10.00-10.10 level. That error cost me approx $1800 in lost profits. Bummer! Now I'll wait to see if the stock reverses quickly to regain some of that lost dinero.
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