Friday, January 8, 2016

2 losses - Day Trading: Jan 8, Intraday

2 strikes, and I was done today. Did not wait for the third strike, since I was stricken enough.

Bad market to trade. I put my entries according to my visual judgement of Range Compression (Discretionary Trading). The Stops for the Shorts were wide enough both the times, but got hit. The third opportunity (marked on the chart), could have been a chance, but I judged it as not to be taken.

Drawdown continues... like in December.

Nifty M3 Candlestick Chart

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