Trading BNF to be independent

#11
Paid the price for indiscipline.. BNF now below 10400/- :-(
You should have just kept your profit taking level at 10:15 high or 10:20 high on 5 min timeframe and let the position run instead of taking profits....

But never mind...holding a profitable position is tough till you practice ....you will get it slowly....keep it up....:)

Smart_trade
 

rh6996

Well-Known Member
#12
The first mistake was to take 10480 as SL for my initial short. As suggested by a senior member here I always take the SL a bit higher than a round figure, 10481 would not have triggerred!! :), In fact in haste did not add filter to my SL level . ST sir, I did take the high of 10:00 as my SL> 10475 and it got hit at 10480.
The second short I took , I should have continued with SL > 10480 but exited as saw SBI chrt rising!!
 

rh6996

Well-Known Member
#15
Opening BAR in 5 minutes chart is tooooo BIG!! Could have shorted on close at 10430 with SL at 10451 (above the high + filter). RR was really good! Need lot of courage it seems, not yet bold enough to "pull the trigger"!! Working more on myself than the strategy... :)
 

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