Today I'm going to keep things short. Made a big loss of Rs.10950. We went long on a market that was correcting and we lost big. And we didn't stick to Bank nifty and Nifty but deviated away to trade Bajajfin. We bought it at 1948 and ended up selling it at 1927. Mind you! we bought 1 lot which was 500 shares. And that's how we lost a ton of money.
So we've formed a new strategy for trading from today onwards,
- Exit position if it touches Rs.4000
- Always check EMA first and then Stochastics MTM before entering any trade
- Trade only Bank Nifty and Nifty futures
Motivate each other not to go astray.