Another bad day

Another bad day, but not as bad as Friday. I did 6 trades today, just like on Friday. On Friday, I did not move my Initial Stop Loss on any of the trades. Today, I did, and so the day was better for me, even though the price range was worse than on Friday.

I kind of guessed that the market was ranging, and even caught some of the reversals, though I missed some. But, on a ranging day, in addition to entering at reversals, we also need to book at extremes to profit. I did not book at extremes, because there is always the hope that it could move just a bit more and then turn into a decent breakout.

I had 6 trades today, even after taking a one hour break in between, but overtrading is still not on my sin list for today!!

Nifty M3 Price Action Chart

>>> Live tweets of the day's trades <<<