HumbleTrader 

Pretty loss I didn't have to wait for too long to create a pretty loss. I executed my bearish bias really well. i.e Quite aggressive but as per my plan. Reached my max size as I saw more weakness without adding to a loser. I was targeting 20 DMA below 650 and anticipating more. Price seemed to agree with me (though volume was hesitant) but then buyers stepped in and a V reversal happened. Usually I freeze up, like a deer caught in headlights. Not this time. I exited gracefully and accepted a small loss. Yes, I gave up paper profit but the pain was minimal as my plan was to grab at least 3 times of that amount. Though I can grab small profits to boost my ego & cushion my P&L (I might do soon), I want to get comfortable with losing paper profits first. Pain of loss and the pain of losing paper profits are the 2 major obstacles for retail traders and my goal is to overcome those first. I'm getting there but it's painfully slow

I like that .. pretty loss haha smart

My trophy trade

I achieved a great milestone today and it has been a tough nut to crack, for a while. It's not monetary but rather execution related.

Buying a market which 'gap'd up significantly has been a huge challenge for me. Despite my statistics giving bullish signals, I often hesitate or wouldn't buy at all @ the open. To add insult to injury, I would buy deep pullbacks, only to see the pullbacks getting deeper and deeper and eventually reversing the bull trend completely.

Today, I decided to go long @ DAX @ RTH open, after a big gap up, against all my 'rational' instincts. I also resolved to NOT buy any pullbacks. Infact, I had plans to get out if PB becomes >20 points. Though there is a small retrace after I entered, this beauty never looked back and marched upto my initial target 550. When price stalled @ 540, it was sooo tempting to take my profit and run but I decided to live by my 'exit rule'. That is to get out, ONLY after seeing a pullback and then use the next bounce to go flat. i.e Market telling me exit location and it was a flawless execution. My only gripe is not scaling up but a man can only learn one thing at a time


1