Hit stop-loss:
Five MCLK5 contracts bought at an average price of 63.216.

Another dramatic U-turn, as Trump issued a 90-day pause for most of the ‘reciprocal tariffs’.

It is challenging to trade in this environment, where markets change direction abruptly at the whim of a US President.

Strangely, I don’t feel any tinge of sadness. All this while, I have adhered to my trading plan diligently. This is simply a matter of good trades with bad outcomes.

Have I grown as a trader?

Checklist:
Was it a planned trade? Yes.
Did I stick by my rules? Yes.
Am I back to a calm state? Yes.

Mind reset… Done. On to the next trade.

TMT

Position added:
Two MCLK5 contracts sold at a price of 57.71.
SL = 63.19

Total MCLK5 position is now short 5 contracts.
Stop-Loss for the entire position is now at 63.19.

TMT

New trade:
Three MCLK5 contracts sold at a price of 60.45
SL = 65.05

Total MCLK5 position is now short 3 contracts.
Stop-Loss for the entire position is now at 65.05.

TMT

Hit stop-loss:
Nine MCLH5 contracts sold at a price of 74.24.

News: Trump Browbeats Davos Elite to Curb Oil Prices, Interest Rates

A promising trade turned into a loss. Sigh.

Checklist:
Was it a planned trade? Yes.
Did I stick by my rules? Yes.
Am I back to a calm state? Yes.

Mind reset… Done. On to the next trade.

TMT

Position add:
Three MCLH5 contracts bought at a price of 77.48.
SL = 74.24

Total MCLH5 position is now long 9 contracts.
Stop-Loss for the entire position is now at 74.24.

TMT

Position add:
Three MCLH5 contracts bought at a price of 75.86.
SL = 73.02

Total MCLH5 position is now long 6 contracts.
Stop-Loss for the entire position is now at 73.02.

TMT

New trade:
Three MCLH5 contracts bought at a price of 74.44.
SL = 71.60

Total MCLH5 position is now long 3 contracts.
Stop-Loss for the entire position is now at 71.60.

TMT