Trade #2 [11 Feb 2010]
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Buy 300 shares of KRBL @ NSE for 31.65
Reason: It was topping the volume chart at the trade opening. Constant raise in price for first few minutes.
Plan: sell it at 35. I was expecting it to reach 35 as it was bought in rapid pace.
Sold 208 shares for 30.00 & 92 shares for 29.75
Reason: After a small raise in 20 minutes, it started to fall. At 3 pm, i squered it off.
Result: LOSS around Rs 550
Lesson: Should have sold the moment it started to reverse from the expected curve. See the image:
Overall p/l position now: LOSS: 375