Since my resumé hasn’t enticed anyone to hire me yet, I have turned to trading stocks to try to earn some money. Overall, I have been doing pretty well. However, I made a boneheaded mistake this afternoon.
I had waited for this certain stock to reach my target price. In the last hour, it was rapidly approaching my target and I was preparing to sell the stock when my children called and asked if I was going to pick them up from school.
I dutifully hurried out, picked them up and headed right back home only to discover…
that the market closes at 3:00! not 3:30!
Now, you may say that is a pretty large oversight and I guess that I would have to agree.
But, to rush to my defense, I have never tried to close a trade out at the end of the day. In the second place, I have to admit that I was still a little confused about the time zones (here, NY, CA). However, after this incident, that is all cleared up!
Anyway, I was pleased that the stock moved up to the exact price that I was expecting. I will try to close it first thing Monday morning. As it stands, I am up a little.
I hope that this doesn’t come back to bite me.
