All the hard work can be undone in one wrong trade

 My 5 minute strategy was going perfectly fine. I had made around 40% on my account in 6 months. I was following it very diligently. But today out of nowhere I shorted TataCommunications at 915. Didn't wait till 920. As I thought the world market is down and this stock is already 3% up. It will come down.



As a result of this wrong trade my overall account was decreased by 10%. Need to follow strategy no matter what happens. Strategy:

1. Short at 920

2. Buy on 5 minute high.

3. Take half profit on 2% and in case of reverse at 1%.

Due to this wrong trade the whole day was lost and I also made losses on other account. Overcame by guilt and emotional stress of taking a wrong trade , took all the wrong trades in other account and there also lost around 8% of my account.Follow your rules and trades without any emotion - this is the biggest takeaway from today.

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