Minor Loss in Today's Trading

As the day started, I was undecided on where to take a trade. I had to choose between SBIN, ICICIBANK, VEDL and TATASTEEL.

First, I attempted a short in SBIN on break of the Opening Range Low. When that did not happen, I shifted focus to ICICIBANK. In hindsight, the right choice would have been VEDL, which kept falling through the day.

If instead to SBIN, I had started off with ICICI, I would have gone long on the break of the Opening Range High, and avoided the losing Short trade. Also, I think that the Stop Loss on that fist Short trade was a wide, but I had to keep it there at the Day's High due of the "One Good Trade" rule. Ended with a loss, though there were opportunities to lock in a profit in subsequent trades.

Day Trading Price Action ICICIBANK

Day Trading Price Action SBIN

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