Never take reverse trade

 1. Never overtrade with more positions. Learnt the lesson hardway in ITC.



2. In UBL, there was a perfect trade as stock bounced from the previous resistance. Same was the case with BEL.


3. Broke rule in PathLabs.


4. Support from supertrend and 200 moving average is very important.


5. Asian paints reversal trade from supertrend by Gap filling.



Comments

Post a Comment

Popular posts from this blog

Image
 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 c...
Read more