Monday, July 8, 2013

08072013

Nifty gaped down below PDL and spiked. I was not confident to short the BPB of BRN as Nifty was already down 90 points from PDC. Further I was shorting to 04072013 low from where Nifty rallied, but still did. Ended as a scratch. Long on BPB of BRN. Covered when the second push above 5820 failed. Another long on BOF of BRN. TP at HOD
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2 comments:

  1. adhi narayananJuly 9, 2013 at 2:40 PM

    Hi ST,
    How to decide to scratch a trade? what are the factors to consider?

    ReplyDelete
  2. SMART TraderJuly 9, 2013 at 8:50 PM

    Adhi

    Read my post "Scratch and Win"
    Generally I try to enter on the break of a potential flip. If this flip zone fail to hold, I will think about scratching

    ST

    ReplyDelete

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