08/07/2020
Total Trades: 5
Winners: 01
Losers: 01
Squared off at Breakeven: 3
Profit: 2R
Loss: -1R
Day’s P/L: 1R
Previous P/L: 8R
Net P/L: 9R
Trades Commentary:
Axis Bank: Short Position. Was stopped out. (Loss: -1R)
Canara Bank: Long Position. 2R target achieved within a few minutes. After that, the stock kept on moving up. I need to learn to hold onto my winners. (Profit: 2R)
ICICI Bank: It made a Head and Shoulders Pattern. Took a Short position. But it wasn’t moving down. Squared it off at breakeven. The stop loss would have triggered had I not cleared this position. Later on, it made a double top, should have shorted it again because Nifty was in free-fall after making a Head and Shoulders Pattern.
ITC: Long Position. Squared it off at breakeven when Nifty started falling.
M&M Fin: Long Position. It raced up to almost 1.8R and then retraced sharply. Squared it off at breakeven.
Total Trades: 5
Winners: 01
Losers: 01
Squared off at Breakeven: 3
Profit: 2R
Loss: -1R
Day’s P/L: 1R
Previous P/L: 8R
Net P/L: 9R
Trades Commentary:
Axis Bank: Short Position. Was stopped out. (Loss: -1R)
Canara Bank: Long Position. 2R target achieved within a few minutes. After that, the stock kept on moving up. I need to learn to hold onto my winners. (Profit: 2R)
ICICI Bank: It made a Head and Shoulders Pattern. Took a Short position. But it wasn’t moving down. Squared it off at breakeven. The stop loss would have triggered had I not cleared this position. Later on, it made a double top, should have shorted it again because Nifty was in free-fall after making a Head and Shoulders Pattern.
ITC: Long Position. Squared it off at breakeven when Nifty started falling.
M&M Fin: Long Position. It raced up to almost 1.8R and then retraced sharply. Squared it off at breakeven.