Trade Update

Trade details of 24th June:

Crude oil :

Yesterday after the short@4230, it crashed down to 4065 and bounced sharply to close at 4140. It maintained the down trend today also. It just kissed yesterday's low i.e, 4067 and again bounced to close at 4120. I made mistake of adding another short when it reached day's low.. it was a pure gamble trade as i was predicting that it will crash heavily if it breaks yesterday's low. I didn't follow the price action and just gambled it!! And it gave me the prompt slap as it bounced from the low i.e, after my short.. Had to hedge the shorts with Aug contracts and am not at all comfortable with this hedging business.. but had gone for hedging coz got panic as the bounce happened just few minutes before the closing!! poor boy, read your slideshow again and again !!

Copper :

Dr.copper really testing the patience. Everyone - at least me, biting the dust as its consecutive 5th whipsaw today.. Copper was reversed to longs @407. It made high of 410.40 and closed at 407.30.

Holding the longs with SAR@403.75