My Mistakes during trading on 15th Dec 2010

1. Traded VIJAYABANK which was in downtrend on daily chart.
2. My Entry was at the resistance level (96.45) according to Fibonacci level on 1 min chart when i entered. Wrong Entry on my part.
3. I entered the trade without any confirmation.
4. I did not use Stop Loss Today.

 I should follow the following points so as to avoid repeating these mistakes in future:

1. Trade on the basis of trend. Watch the broader index.
2. Enter at support, Sell at Resistance.
3. Atleast use Volume or MA if you are using TA.
4. Please use Stop Loss on all future trades so as to minimise your loss.  

VIJAYABANK [EOD]

VIJAYABANK [2 Min]