Today, I several of the laws that govern this kingdom of trading:
- I traded against the dominant trend in almost all the higher time frames. I was so sure that the sharp reversal for soybeans would be corrected that I took a long position in soybeans, and when it didn't confirm, I held that position. It is now down significantly.
- I didn't obey Phantom's Rule #1. I didn't exit when it didn't prove correct.
- I traded against the underlying trend and then held my position.
