Both the NMDC and AMBUJACEM short trades retraced far above to hit a SL if i had remained in the trade. I was a bit lucky to get out with all remaining lots.
shorted and weak stock (NMDC) and a gap down stock (GSFC) both backfired.
TATAPOWER was broke the day's low and went for the short but the pull back went all the way up to hit my SL.
Lesson Learnt:
1) whatever may be reason if i have to take the breakouts always take the breakout or breakdown .. no matter whather its gap down or gap up stock.
2) keep the size small and add when winning.