Closed out of the short Nikkei position this morning. I think this was a reasonable trade but I should have 1. waited to get in and 2. moved the stop lower day by day, because the downtrend was moving lower — it was broken convincingly yesterday but the stop was still miles away.

At present, the sugar trade is moving quickly against me. I have placed an order to short cocoa following a strong down day on Friday.

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