Stopped out of today’s sugar trade already. It is hard to jump on a trend, and I still do not have the knack well worked out. Two potential lessons:
- It is a bad idea to fight an intra-day trend. Wait for it to end before going in.
- Weak levels tested a few days ago can be forgotten by the market if it runs away and then comes back. Work with stronger levels.
Update: I have just remembered how unconvinced I was by the breakout that today’s price action has undone — it was very lukewarm and I stood aside. Why did I then buy it? Because I am a moron; also because it is playing on my mind that I can’t afford to miss trends. I should be more aware that I can’t afford to throw money away chasing their ghosts.