Got shaken out of the Opening Range Breakout trade

Today, I logged in early again in an attempt to replicate my success with Opening Range Breakout yesterday. I found the opening move in State Bank Of India to be impressive, and went short with it. But my Initial Stop Loss was tight and got hit. I had wanted to keep a Stop-and-Reverse to long at that point, but did not have sufficient margin. Such potential early morning whipsaws are the reason why I was logging in late prior to yesterday.

Anyway, if I had stayed on with State Bank Of India, I would have ridden the second breakdown successfully, but that was not to be.

I was already into Hindalco. My 2 trades in Hindalco did not give me much.

After that, I was back to State Bank Of India. I thought that my late short in State Bank would help me get into profits, but that was not to be. Actually, I was in profit in that trade, but the wide Trailing Stop Loss required by the One Good Trade rule, prevented locking any profits in it.

Day Trading Price Action SBIN

Day Trading Price Action HINDALCO

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