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That Was Not Good, 15th November 2022

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➤ It was looking good for my Bullish position until the final hour of trading. Then things went sour. Prices reversed course. That Was Not Good.

➤ It was not good for two reasons:

➀ My fear of being taken out by choppy conditions has materialised. Exit signals were given. That meant I had to cut most of my positions at market close. Overall a set of break-even trades. Not disastrous but very disappointed with giving back profits.

➁ Price action leaves the market in "limbo", at least in my view. It was not a sufficiently strong reversal to give a short signal. That means price can maintain its Bullish stance but without my participation. A case of Fear of Missing Out (FOMO).

➤ At the end of the day, it was good to stay disciplined and not second-guess my process. Wavering on decisions and letting emotions get in the way will lead to inconsistent behaviour and erosion of confidence. Eventually, that will lead to disastrous results.

➤ I hold a +8% long exposure. The maximum portfolio exposure is +/- 200% on capital, the level of highest conviction.

➤ Conclusion: Looking forward to the next set of trades that are just around the corner.
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