Friday, January 08, 2010

Great Entry, Awful Exit

We found this TC chart at the end of December and were wowed by how gorgeous it was:

We exited much too early as the stock is still running:

Note to self -- it doesn't come often when one finds an aesthetically drog-dead gorgeous chart. Next time, have faith, put on more size, and then HOLD!

What went wrong? We have this inherent disdain for cheap stocks that we need to overcome. We didn't put on enough size on the stock so didn't take the trade seriously.