Just finished the analysis of the 3 intra trades performed today (3 min TF, NF Nov Series)
1. Trade 1 (NF Short as per Plan 1) : Entry could have been better (around 9:39), but will execuse me as it was ok otherwise. Mistake was, should have booked some part profit at 11:51 (price rejection with such long trail was first indication of reversal). Could have nailed few extra pips.
Trailing of SL was Ok.
Trade 2 (Option) : Yielded the max profit for the day, but was the one which made me too inflexible with the negative bias, missed all possible sign of reversals, including such back to back high volume bullish candles in second session. Should not have taken this trade. Vijay Bro was right to point the mistake.
Trade 3: Was a low risk trade (kept small SL), but was actually Ok and did gave a chance book a handsome 30 odd points, did not trail, was adament that market will breach the 8584-8578 zone agan with success. A timely TSL would have gave at least 18-20 points out this 30.
So in a way lost a good 40 odd points just because of starting the day with a bias (sometime ok, to plan), but holding too tight to that mindset.
Forgot that Market is always right. Anyways, did not came back empty handed, but will count this day on my scorecard as a failure.
On positional trade, still open. Would agree, was not a best entry, considering such big rejection at lower level with overwhelming supply. Must be driven by the receny of losing out big profits under my nose and wanted to settle score too soon.
Anyways will manage it tomorrow. Dont see a big gap up yet. Might get a lucky escape.
Good Night folks, See you tomorrow.