RMBS Trade on Nov 16, 2011 12:31 from balanco_tem: Tradervue User Stock Trades.

Incredible. Was actually long 300 shares around $18 before stock got halted. Realized that I was gambling and decided to close out position immediately. Stock halted not too long after and then opened at $4 and closed at $7. Incredible! If something doesn't feel right, act right, just get out, PERIOD.

Execution detail:

Date/time	Symbol	Side	Price	Position
2011-11-16 12:31:33	RMBS	buy	$18.290	long
2011-11-16 12:31:35	RMBS	buy	$18.310	long
2011-11-16 12:31:40	RMBS	buy	$18.290	long
2011-11-16 13:02:25	RMBS	sell	$18.250	0

#chart1 { background-image:url('/shared/charts/pricechart?symbol=RMBS&trade=80294&end=20111216&i=d&TimeRange=120&Volume=1&ChartType=candlestick&width=450&height=275');}

#chart2 { background-image:url('/shared/charts/pricechart?symbol=RMBS&trade=80294&end=20120414&i=w&TimeRange=90&Volume=1&ChartType=candlestick&width=450&height=275');}

#chart3 { background-image:url('/shared/charts/pricechart?symbol=RMBS&trade=80294&end=20111116160000&i=m15&TimeRange=90&Volume=1&ChartType=candlestick&width=450&height=275');}

#chart4 { background-image:url('/shared/charts/pricechart?symbol=RMBS&trade=80294&end=20111116160000&i=m5&TimeRange=90&Volume=1&ChartType=candlestick&width=450&height=275');}

Comments

WhaleTrades

2011-11-16 18:52:50

wow, imagined myself in this situation today...glad u got out

thearmotrader

2011-11-16 19:58:55

WOW, you literally missed the halt by minutes. This my friend, has to be your luckiest trade ever, even if you didn't make money. Glad there was no damage.

balanco_tem

2011-11-16 20:16:43

Thanks. Major lesson learned. If you have no edge, don't be in it. My bias was that they would be awarded something, but in reality I didn't have a clue and luckily had enough awareness to just get out.

RMBS Trade on Nov 16, 2011 12:31 from balanco_tem: Tradervue User Stock Trades.

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