It's the Spring Festive a.k.a Lunar / Chinese New Year (CNY)

Started the month making some losses and had been chasing after the losses as well as feeling the pressure and stress of the need to realise some revenue. Especially so after having suffered a great lost at a game of mahjong (down $1,500). I will definitely remember that day clearly not because of anything but the P&L record shows. On the 6 Feb 2018, it show the huge losses I had and the previous night was the day I suffered the great lost in mahjong. 😓😓😅

After that horrifying lost, mainly due to fighting the market to try to regain the losses, I had to called it a day (Live to Fight Another Day) and refresh myself and my mind to continue the following day. I did came back pretty well over the next few days and in fact almost back to breakeven.

It's also the month of the Chinese New Year (CNY) where we celebrate the new spring and visiting relatives and friends, some even took this opportunity to go for a short getaway vacation. As for me, it had been the same routine for the past decade, staying home looking after the household pet dog while my mum and sister go for a vacation. Of course, I also visit my relatives at their home on the second day of CNY and attended gathering with friends.

Sometimes, I just cannot live a day without trading and that sometimes kills me. On the 16 Feb 2018, which was the first day of CNY, I told myself that I should take a break since it was a holiday, but nevertheless a trade was taken which lead to another and because of the losses, one trade followed by another which eventually lead to another huge lost, else that could have been a good week. I was taken in by my own greed and having a view of the market. Had to humbled myself (Manage Your Ego) again and accept the fact that this losses will stay till the end of the month.

Did some wakeup call searching myself and reminded myself on the purpose and objective of my trading and proceed again, back to square one. I also made a decision to trade on higher leverage (1:50-60) to allow for faster track to make a comeback, but with vigilant. Tumbled along the way trying to come back again and bring my trading account back to safe zone, and making mental note to keep my account in profit (>$3,000). No smooth sailing but moved on slowly and progressively in the month of March 2018.

A New Year (2018) with the Beginning of a New Chapter

I was preparing for my In-Camp-Training (ICT) for the new year celebration, though there wasn't any much celebration for me. Something special about this ICT was that we will be out on the first day instead of the usually second week. Nevertheless, I was prepare not to trade during my ICT as I won't be able to monitor the price action as well as intermittent data connection will most likely be experience.

Came back on the end of the first week and saw a interesting opportunity buildup and took the shot, before I knew it I fell asleep only to wake up much later in the evening to find my trade a winner, set my stop loss and take profit and held it over the weekend. This trade was such a runner/winner that my January targetted profit was met with that one trade.

After my ICT, I continue to trade in accordance to my trading plan/strategy and make some losses, however taking the mental note to not to loss back my profit made by the winner earlier in the month.

In general, January had been a great month but I also refresh myself not to take a view but to follow where the market goes. Remembering that profit is a by-product of trading, small consistent win is better than that occasional winner.