Discuss Time to Stick my Neck Out ,Nifty 7300 at the Equities within the Traderji.com - Discussion forum for Stocks Commodities & Forex; Well, I lost some money on a long trade when I mistakenly thought that market ...
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Well, I lost some money on a long trade when I mistakenly thought that market had started recovering. But that more than made up by short during this precipitous fall. Lesson learnt again - never go against the trend.
Exactly.Short triggered after stopped out.New stop:5015.1
Closing at 4930.....covering all the losses due to contratrend long and going with good profit.....Just an example of how contratrend buy -sell occurs.People has to be on the toe to reverse trade at critical pioints....Neways,guys,over to u all now.GOOD LUCK.Out for now.
Well, I lost some money on a long trade when I mistakenly thought that market had started recovering. But that more than made up by short during this precipitous fall. Lesson learnt again - never go against the trend.
-- Milind
yep.....important lesson.
Saint
__________________ "You cannot change the direction of the wind,but you CAN adjust the sail..."
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3rd March 2008, 02:46 PM
Re: Time to Stick my Neck Out ,Nifty 7300
, carry on.
