DLF trading strategy

DLF Futures

Traded: bot @ May 31 Sold @ June 3

Holding period : 1

No. of Lots : 1(1000)

Bought @ 196 sold @ 197.95 Profit: 1.95 points 

Reason

1.       Market sentiment was weak at that time, Instinct believed good time buy index stock & high beta stock hope it would bounce back strong when there is up beat in market.

2.       Closed below bollinger band lower level.

Lesson learnt

1.       Not sure about target, I should have set target .5 or 1 point below 5day EMA.

2.      Trust your preparation, ever back down from target point, try to minimize your risk by limiting Stoploss.