Date : 03 Jan 2017
A bad day today, as I missed a LONG setup in AXISBANK, and whatever trade I caught on SBIN and TATASTEEL was scracthed as they did not work out as expected.
SBIN started on a promising note as a continuation to previous day's downmove, and I took a sHORT below 1st 5m bar low, but price reversed immediately by trapping the SHORT traders. I scratched.
TATASTEEL gave correction after previous day's strong upmove. I was looking for buying on minor uptrend. But minor uptrend failed to gain momentum and price made a doji candle after the entry. Scratched the LONGs
This was a wrong trade setup, not as per my trade plan, I took it mistakenly.
Over all 3 trades
Daily P/L = -1.5R
Net P/L for the month = -1R