Wednesday, April 18, 2012

Lessons Learned - Follow a style. Dont be greedy.

Aurobindo pharma has been rallying for quite some time. Also, ICICI's calls on aurobindo and relcapital has been correct for the past two weeks. Yesterday, there was a sell call on aurobindo and I thought that made sense since its rally is now over. I sold at a 127.8. Within minutes it rallied to 132 and my SLTP got triggered. A loss of 4.2 * 2000 = 8400 + 200 (brokerage). A heavy loss. Lesson learned is that I should follow a style of investment and should not go by tips.

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