One of the best parts of IBD is a column they publish daily called "Investor's Corner". Fortunately, for those of us who don't get the paper every day, it is on the free portion of IBD's website (on the main page of the "Education" page, there are about 3 months worth of columns archived). Yesterday's column was about buying back a stock after getting forced out, which is timely as I had a really good illustration of it in the market watch gain. I bought
RGR on a breakout near the high of the day, a little higher than I should have but it hit the high of the day pretty early (mistake #1). I set a stop for it, which it hit a few days later, at 37, which was too high (37 was the breakout point, I should have set it at least .50 below that point)(mistake #2). However, the critical mistake came on the next day, when I could have bought it right back as it moved up, and right now I would be sitting on a very nice gain. Had I not made that mistake, the first two would not have mattered.
