Today's update I ddnt wait......n square my position.....with no loss no profit.........today I break my rules go for second trade and knocked down by reliance.....with 6000 loss........bought 1000@935 sold @929.......
Hello,
Pls Don't get discouraged,......
My Assumptions/opinions what might happened,during today's trading day..
can u know why u didn't follow ur rules...due to psychology.....
pls take these points to ur Positive side......
1).First of all i think u have intense pressure on u to prove ur Right.(in Trading u will need not to be right all the time), the pressure is also there, b,coz ur posting ur Trades here...
2).i already told in my Post#86 that ur strategy/system is discretionary in nature, u need to involve ur Mind/brain/psychology in ur trading decisions, and as we are humans and The mind/brain which we have is uncertain in nature(just like markets),due to fear of loosing u exited ur first trade prematurely(ur system doesn't have lets profit run rule).
3). B,coz u haven't done anything with ur first trade u entered in other market which is not related to ur system/strategy (ur strtegy is only for Nifty as u told), u created another oppurtunity to enter in reliance and ended up with loss, this is b,coz of Greed it happens(or u may call revenge trade)..
Bhai..pls ...don't take these points to ur negative side...
and iam just pointing out what might can happened during the time of trading.
what i like in u is u posted ur result with Honesty, and thats the good thing which enlighten me to post this reply......
good night.
regards,