Got REKT'd. I got exactly what I deserved, I broke my own rules and paid the price. When I followed the rules, I was rewarded. I was overconfident, thinking I could beat the challenge on my first try... wrong! The next big economic reports aren’t due until April 10, so after this current market redrum, I'll have a few days to trade and reflect.

Aside from humility, I picked up a few other lessons. First, I’m staying away from trading during the first 30 minutes after the market opens. Whether I’m going long or short, I’ll use the 6-hour WaveTrend crossover (above 53) as my guide. I’ll only take trades when the 4-, 6-, and 8-hour VWAPs are all trending on the same side and direction of the zero line, and when both the StochRSI and Williams CCI are either oversold or overbought. 

From now on, I’m only placing limit orders to take advantage of natural price movements. My take-profit and stop-loss levels will be flexible, based on what’s happening in real time. To decide, I’ll rely on support/resistance lines, EMA (Exponential Moving Average), and ATR (Average True Range). The price action at that moment will determine which one I use.

Finally, for several reasons, I’m sticking to trading only the 10-year Treasury yield. My first trade after refining my strategy was a win for $213. Discipline!  Discipline! Discipline! Now let’s see if I can keep my f🤬g hands off the keyboard and stick to the plan!