My Trading Journey

 Nothing changed from previous day. Same habit of overtrading. Though I followed the strategy of shorting below 15 mins- red candle, I didn't follow the reverse strategy of taking reverse trade on stoploss hit of red candle. 1. Clearly the price came to last day's close and then reversed from there to break the first 15 minute candle high. It was a clear reverse trade but I kept on finding the bearish trade just because last 2 days have been super bullish. It doesn't matter what the previous days candles are. 2. Price breaks the previous resistances and also the trend line and sustained. It was a bullish sign. 3. It breaks the previous 24000 strong resistance with a big bullish candle and went 200 above that.

Common problems - Overtrading. Lots of brokerage. Should have kept it simple. Clearly there was a buying opportunity from supertrend - hammer formation. Color of hammer doesn't matter. Even the PE chart also give a lot of positions to short the market again. Clearly, 1:3 trade

 Started the year with the loss. Cleary there was a W pattern with support at the bottom, still shorted Nifty. Simple stoploss - 30 points , Target = 100 points. Target will be the resistance of previous day. No need to play reversal. If one wants, one can play reversal at 3 PM with 1/4th risk.

 1. There was a clear cut W pattern in Nifty which I missed. At least book your profit here if not going for the reverse trade. 2. Similar case in bank nifty. 

 Perfect case for buying today - after continuous fall for last 4 days today. Hammer - dragon fly doji came in both the bank and nifty.

 Double bottom and triple bottom in bank nifty on 15th feb. Perfect example of reversal, especially in case of triple bottom - there was a moving average support also. So reverse the position.