Tuesday, March 8, 2016

Another Bad Day - Day Trading: Mar 8, Intraday

Trades 1 & 2: Breakout Pullback of 7500 Spot. Booked an early loss because I tightened the Initial SL by 2 points. The early exit also caused me to take the second long trade. If I was not in these trades, there were so many chances to go short before 10:30. After the losses, I was cautious and did not look for a short until a breakdown. Breakout failure of 7500 Spot with volumes was another opportunity to short that I did not take.

Trade 3: Breakout Pullback of 7450 with higher volume. Moved well. Should have booked better, since I was already got 2 losses in the first 2 trades.

Nifty M3 Candlestick Chart

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