Be cautious on breakout trades....
If you are not keeping proper s/l in breakout entries...you will be screwed.....
Check IRCTC 40% down from yesterday ..... this is how small investors lose money in a single trade in Bull market....
Making money in bull market is a easy job....finally, idiots (players) give back the earned profit and also a part of the capital back to market due to foolish bull market mentality....... this is how market operates...
We should also develop skill to protect the earned profit.....
IRCTC Future reversal point is 4086 ....hope, may not break this level tomorrow...
Let us watch....
(Yesterday I exited ITC 25% balance holding at 254 and entered today again at 244....).....
Cheers...
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