Thursday, November 26, 2020

2020-11-26 - One bad trade

 Because of yesterday's debacle, I decided not to enter during high volatility. Was watching SIEMENS, but could not enter during the volatility. Same case with AXISBANK. Later, took entry in AXISBANK when it cooled down. SIEMENS continued to be volatile.


Both SIEMENS and AXISBANK would have given good entries during the volatile periods, but that is just my guess.... since my discretionary trades have not been consistent.


The first trade in AXISBANK was good. The second was a trade in SIEMENS. The setup was a breakout from an extended narrow range. Had there not been an upper circuit, the initial breakout move would have perhaps gone higher. There was no buying pressure to lock it at the circuit. This loss ruined the day.


Meanwhile, AXISBANK jumped from a narrow range. That made me decide to look for narrow range entries. The last two trade - one each in RELIANCE and AXISBANK were from that setup. Did not get much out of them.


Live tweets of my trades today.



Day Trading - SIEMENS Intraday Chart

Day Trading - AXISBANK Intraday Chart

Day Trading - RELIANCE Intraday Chart


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