Sometimes, I feel attracted to beaten down stocks, thinking they might bounce back.
A couple of weeks ago, I had bought Wipro Futures @ 439. It had come down rapidly from 500 levels. I thought it might bounce atleast upto 450. But I was wrong. It crashed (first week of November), made a low of 420. I finally got out on Diwali Mahurat trading day, sold it @ 439, for no profit. Only loss was brokerage...
I am a crackpot. I have decided I will not trade on gut feelings anymore, but just follow your and Raunak Sir's advice...
Cheers!