Do you mind sharing your charts and views on why you were long ?
I dont mind but am very bad in techie stuff..so, not sure, how i can share my charts..
Answer to your q is very simple Amit..I was actually short positional going into friday but came out and went long...Mkt was making higher pivot lows after a gap down and was in no mood to go down..in these cases, i take a position with less position size..had it breached the previous day low, i would have added more to my longs..but it did not..infact, i was up by 50 pts that day..this gap down was not an expected one..my winning ratio is just above 50%..so, i have my share of losing trades..infact, a lot..
Bottomline, just need to take the losses and move on..next trade is always there