Bank Nifty Trading 21 July 2022 | Loss of 1250/- INR

2 years ago
1

Market was full bullish. I identified bearish rising wage. After its breakdown I waited for pullback and took entry at 350 rs. The entry point was wrong because if entry is at 350 then 50 point SL will be 300 which is a round figure. SL should be below round figure so ideal entry should be 330. SL got hit at 1 or 2 Rs below 300 and then priced moved to target. Identified another oppurtunity but to avoid over trading, just did paper trading with that opportunity which acheived target. This gave confidence about my analysis despite today's loss.

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