1) Avoided CPB Long, as the PB went on too deep for too long.
2)Shorted after price failed to move
up after 3 attempts. Was trapped in the chop. Gave 5 points.
Price started moving in a channel.
Didn’t take any other trade, as price was chopping around, trapping longs and
shorts.
Disclaimer: I am not a Research
Analyst, registered with SEBI/MCX or any Exchange. I maintain this blog only
for my own learning purpose and recording my thoughts on intraday activity of
Market. I do not give any kind of trading advice to anyone. My methods will
result in severe losses. Hence please do not follow me.
Nifty taught me an important lesson today. Not to give up till last moment.
ReplyDeleteHi Shasank,,
DeleteIt has always been a problem for me. When I take a trade towards EOD, expecting an explosive move, I get stopped out more often than not. When I decide not to take any trade towards EOD, market gives such wonderful moves. You have done well to catch the important move of the day.
Hi SK,
ReplyDeleteA retail entry again in the second trade. Retail entries doesn't give enough room to scratch and that result in losses.
You are right. That is an area, I have to improve to minimise the losses. Thanks.
ReplyDelete