re: Day trading Nifty & Banknifty Futures
You sold BNF 11300 CE for some reason, may be BNF was coming down....so that time it was a right decision. But when BNF starts going up you could have bought that again. So holding when the trade is not going your way is a bad strategy...but re-entry when the market starts going your way is a correct trade to do. It would make money for you and at the same time you dont hold a loosing trade. So re-entry is the correct action not holding a bad trade in eternal hope that sometime it will work.
Smart_trade
yes, sir. but as novice trader, i will work on this. when ever i made loss was i am holding and averaging bad trades. but when trade is good, even i trade with two lots, i will exit both early with little difference as greedy. after it ran away as my direction, i can't again bought it because early i traded in low price.
how can i out come with this trading mindset?