Let it go....
Updated
The Lord has forgiven you ;so you also must forgive - Colossians 3.13
As it is said beautifully in the Bible, that it is necessary for us to forgive not only towards men who had sin against us BUT more importantly, forgive ourselves.
I know the resentment, anger, frustrations that many faced during this unprecedented time. Loss of job, income, freedom, feeling helpless, uncertain, so many mixed emotions that we have to juggle each day. Sometimes, we wish we could find a hole and hide and wait till the tide is over.
You may find solace hiding for a while, escaping into your own reality (why many people like to play video games, watch movies after movies, surfing the net mindlessly,etc) but it seldom serves you well in the end.
The higher expectations we have on others and ourselves and if it is not met, the more disappointed we become. Like in this trade here.
From a trend perspective, on the 1H chart, it breaks out nicely from the bearish trend line at 2400 level and hit a resistance at 2639, retraced to 2439 before charing up strongly towards current price of 2840.
So, I have missed about 20% potential profits from this trade.
Am I sad ? Yes !
Am I disappointed ? Yes !
Am I angry with myself ? Yes!
How could I have missed it ? It is so obvious
Where was I ?
Words like these floated in my mind as I juggled with mixed emotions. Eventually, I find time to pen down my thoughts, face the music and take on the challenge instead of going into denial.
Yes, the market is full of conflicting news. The Bear camps and the Bull camps are still at tug of war. I have no reasons to blame it on the media as I allowed myself to be sucked into the black hole, getting deeper and deeper. And I knew from the back of my mind, I had made such mistakes before in the past. How could I ? Have I not learnt from the mistakes ?
I am glad that the Bible verse comes in handy whenever I need a quiet space to reflect. Forgiving yourself is not the same as being lenient on yourself , you still have goals to achieve. It simply means not overly harsh on yourself when things go the other way. I have learn and relearn that trading is indeed a emotions mastery game. The one who master his emotions well can last longer. And being in the game allows you to take on the next opportunity.
For those who had followed my call to short SPX500, DOW JONES, I am sincerely sorry. Please forgive me. I cannot bring back your losses but I promise to do better, much better in the coming weeks and months. And if you wish to unfollow me, it is absolutely fine with me.
As it is said beautifully in the Bible, that it is necessary for us to forgive not only towards men who had sin against us BUT more importantly, forgive ourselves.
I know the resentment, anger, frustrations that many faced during this unprecedented time. Loss of job, income, freedom, feeling helpless, uncertain, so many mixed emotions that we have to juggle each day. Sometimes, we wish we could find a hole and hide and wait till the tide is over.
You may find solace hiding for a while, escaping into your own reality (why many people like to play video games, watch movies after movies, surfing the net mindlessly,etc) but it seldom serves you well in the end.
The higher expectations we have on others and ourselves and if it is not met, the more disappointed we become. Like in this trade here.
From a trend perspective, on the 1H chart, it breaks out nicely from the bearish trend line at 2400 level and hit a resistance at 2639, retraced to 2439 before charing up strongly towards current price of 2840.
So, I have missed about 20% potential profits from this trade.
Am I sad ? Yes !
Am I disappointed ? Yes !
Am I angry with myself ? Yes!
How could I have missed it ? It is so obvious
Where was I ?
Words like these floated in my mind as I juggled with mixed emotions. Eventually, I find time to pen down my thoughts, face the music and take on the challenge instead of going into denial.
Yes, the market is full of conflicting news. The Bear camps and the Bull camps are still at tug of war. I have no reasons to blame it on the media as I allowed myself to be sucked into the black hole, getting deeper and deeper. And I knew from the back of my mind, I had made such mistakes before in the past. How could I ? Have I not learnt from the mistakes ?
I am glad that the Bible verse comes in handy whenever I need a quiet space to reflect. Forgiving yourself is not the same as being lenient on yourself , you still have goals to achieve. It simply means not overly harsh on yourself when things go the other way. I have learn and relearn that trading is indeed a emotions mastery game. The one who master his emotions well can last longer. And being in the game allows you to take on the next opportunity.
For those who had followed my call to short SPX500, DOW JONES, I am sincerely sorry. Please forgive me. I cannot bring back your losses but I promise to do better, much better in the coming weeks and months. And if you wish to unfollow me, it is absolutely fine with me.
Note
just short at 2840Note
Facing resistance at 2814 now. Will it defy gravity after tonight's jobless claims data which is expected to be worse than before ?Note
we have closed the positionNote
God Bless me. Luckily, I closed the position with a small profit as the price has returned back to the bullish trend line. See my next chart
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.