We saw weakness in some stocks and strength in some. In fact we selected the top 3 in each category. The expectation was that the trend will continue in the same direction.
Markets move in their own manner unmindful of your plans and strategies.
INFRATEL and YESBANK have moved away from the trend. So did DRREDDY and EICHERMOT.
When 4 out of 6 stocks go against you, there is no chance of trade being profitable.
This is the status after two days.
Only consolation is that the loss would have been bigger in case of Futures trades.
We shall continue for 3 more days with the same set of trades before deciding further action. No one knows when the trades turn around for better.
Disclaimer: This post and examples are for teaching purpose only and are not meant as advice/suggestion to trade in these stocks. Trading in Futures and Options can lead to big losses and should be done with appropriate knowledge and advice only. Mentioning the stocks here does not imply that I have a trading position or likely to take a trade in these stocks.