14/8/2019 - Loss, -16,442. 1 Successful, 1 unsuccessful, 2 scratch trades.
T1 - traded Asian paints based on double doji on daily setup, worked well initially and almost 10k Profit...then trade management was bad. Did not take profits partial on a reversal bar agst trd #SelfNote
T2 - Took a trade again a double doji, rejection on 15mins....not going anywhere scratched it with a loss. #Selfnote Close the trade if its looking iffy, immediately
T3, T4 - Took a trade at the edge of down channel with small triangle formation for breakout, it worked in HPCL - small profit in AXISBANK
Net Day -
Asian Paints -22,980 (Futures)
Axis Bank 780 (Stock)
HPCL 5,667 (Stock)
Net -16,442 #PL
#Learning #Mistakes
1. Position Sizing was large in asian paints, futures
2. When in profits, lock some
3. Trade management -after going in my direction, was complacent and was looking for larger profits. Saw a reversal bar on 15 mins with engulf still did not partial book, exit
T1 - FAIL, #Learning
T3 - SUCCESS
T4 - Scratch
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