There is a substantial risk of loss associated with trading Derivatives . Losses can and will occur. My methods will not ensure profits

Wednesday, May 8, 2013

08052013

Nifty gaped above PDH. Initial move was down. Traded within IR for a while and broke down. First trade was BPB of PDH/IRL.. Covered when the push below the tight trading range refused to move.Long on BOF of LOD. TP around HOD. I suspected a barbed wire around PDH. Went short on BOF of HOD/DO/IRH.. I was so confident in this trade. But Market humbled me.
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3 comments:

  1. MuraliMay 8, 2013 at 9:34 PM

    Nice ST. Short entered late as PDC was still to be broken. It was a loss. BOF was good. The first short IR Low/ PDC all were there, dont you wait for a clear break and BPB?

    Thanks.

    ReplyDelete
  2. Sunil SaranjameMay 8, 2013 at 11:04 PM

    you got the date wrong :D

    Cheers!

    ReplyDelete
  3. SMART TraderMay 9, 2013 at 7:09 PM

    @SS

    Thanks
    Corrected

    ST

    ReplyDelete

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