My mistake of the day

#1
Hello Friends
I wish to start this thread to realize today's mistake. So I can learn from my mistakes and don't repeat them in future for better performance.
Comments from all TJ members are most welcome which will help us all to learn a lot from our own mistakes as well as others mistakes too.
Happy Holi in advance.....
Regards
JaatBhai
 
#3
there r only 2 main mistakes in this trade...!!! :cool::cool:
GREED and FEAR :annoyed:
overcome them and u r WINNER always.:clap:
:rofl::rofl::rofl:
Dear Shubh03
I have started this thread to know what mistake I made today when and how. How it can be avoided. What lesson i learned from this mistake
 
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amitrandive

Well-Known Member
#4
Hello Friends
I wish to start this thread to realize today's mistake. So I can learn from my mistakes and don't repeat them in future for better performance.
Comments from all TJ members are most welcome which will help us all to learn a lot from our own mistakes as well as others mistakes too.
Happy Holi in advance.....
Regards
JaatBhai
I am open and ready to learn :thumb:
 
#6
Today arround 1045 i wish to short nifty @6588-90 after its day high @6602.80
But missed the opportunity while nifty did not cross 6595 after that.
But when i short it @6563 and it went below 6525 and again it was not fall below 6522
I placed a SL @6533 when it was at 6528. SL got hit but modified at perfect time.
Lesson : Grab the opportunity as and when arrive.
 

amitrandive

Well-Known Member
#7
Today arround 1045 i wish to short nifty @6588-90 after its day high @6602.80
But missed the opportunity while nifty did not cross 6595 after that.
But when i short it @6563 and it went below 6525 and again it was not fall below 6522
I placed a SL @6533 when it was at 6528. SL got hit but modified at perfect time.
Lesson : Grab the opportunity as and when arrive.
skjanghu

I did not take this trade as I was out, but have updated the charts for your view.

 

manishchan

Well-Known Member
#8
ok.. my mistake of the day.. epic :D

I have been using NEST terminal almost for a year and switched to NOW last Friday. Was using it this morning for the first time. Weird thing was that in NOW, if one wants to place order with MIS, the order still has to be selected as NRML (which I was not aware of). I had to place the order 4-5 times and it kept on getting rejected. Further, some of the default settings were causing lots of confusion while I was struggling to get into the trade. Finally, ended up placing sell order instead of buy and didn't realize untill it was in deep red. (unlike NEST, NOW doesn't have color change function in POSITION WINDOW).

Lesson : Make yourself very well familiar with terminal/systems you use to avoid any sort of confusion/error during market hours.
 
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#9
Great Sir
Everyone here should post their mistakes and lesson learnt from that mistake. Which will help fellow members a lot.
Thanks for posting your mistake here