Weekly Trade Updates — 25 March 2022
Summary of all positions/trades executed / Closure for March 2022!
Here is a quick summary of trades I executed in the last couple of weeks.
Out of six trades, two ended in a loss, and four at profits → net results ended in profits.
Mistakes & Lessons Learned:
ONGC → When the stock broke out by 10%, I must have closed the position; however, due to my health, I did not check the position for a day or two, and thus, stop-loss triggered. Therefore, two important lessons are:
A Stop-loss is a must for every positional trade
When the target is achieved, exit the position → do not let the greed take over, hoping for higher profits.
Trading is all about “hit & run” with the profits. It is a rigid mindset, and only practice can assist in sticking to the trading plan. One should never attempt to trade stocks with an investing philosophy.
