Owning up to mistakes.

Yesterday we went short on the DAX. It wasn't a random trade; it was a trade based on economic fundamentals and a process. I saw what I thought was resistance, set my targets and risks, but got stopped out. It comes with The territory—no need to cry about it. Own up to the mistake and stick to the process.

Today I am looking at a few more opportunities. The German 10yr is still collapsing, that is a signal from the bond market that all is not well in the economy.

While the DAX may be pricing in a bounce in economic activity this quarter, the picture after this quarter is muddy and codependent on the path of the virus. I am currently eyeing a short around 11000 with a target near 10100 SL @ 11200ish.

As always be vigilant out there!