DATE 10-01-2012
TRADE -8
SHORTED IDFC JAN FUT AT 101.75 n bought it back for 103.05
TRADE -9
went LONG on IDFC JAN FUT at 102.75 n sold at 101.10
TOTAL LOSS for today (after taxes) 6183.79
(Idea for the 1st trade was their was a resistance at 101.9 n then the stop loss hit on the short trade )
(Idea for the 2nd trade was since it broke resistance n their was an inverse head n shoulder pattern n gave a break out
Unfortunately, the stop loss just hit at 101.10 n then went up,
i still believe that the LONG TRADE it still on )
i made many mistakes today
shorted when the indicators didnt tell me to short
will follow the rules from next time....hard lesson learnt
TOTAL LOSS TILL DATE : 3655.48