Don't take more than 2 stoplosses.

 Trading Journal - 2 Dec 21

MISTAKE - Didn't follow rules. After SL hit take double position and double target.

IndusInd Bank

Indigo

IEX

Biocon - Take profit at the moving average with a SL of .5%

Today the market was all +ve so need to take profit early in all short stocks. If the market is negative then I can let profits run in shorts but in a +ve market in any +ve candle need to get out of the short trade.

In ONGC did the mistake of shorting the stocks on seeing the third red candle. It was a buy stock wth stoploss  below the 5th candle wick.

Sun Pharma - it was a buy call - higher high in first 3 candles

In Axis bank entry was correct but trailing stoploss should have been used especially if there is a bullish engulfing candle at the bottom 

Heromotoco - followed the rules and earned the profit

Learning for today - Always follow rules and cut your losses. If more than 2 stoplosses in a trade don't enter again. Also, once overall loss for the day is 2% of the overall capital cut your all loses.

The best trade of today was Pidilite. Enter when inner candle broke down in the early morning and then again buy it at the bottom when inner green candle formed. A high risk reward ratio trade. Need to take these trades.