After taking an absolute battering and big drawdowns this month on trades gone wrong on $MP $ZIM $AA $CENX, I thought it was time to take a small trade to find my feet again and build my confidence up.

Saw the $QQQ and $SPY rallying today so took a £8,000 position in $AA hoping it would rally too. It's been pretty battered the last couple of days (tbh weeks) so I thought this could be a nice mean reversion trade off the back of a market rally. Bought in at $69.40 (lololololol) and was looking for a move to $77 in the next couple of days.

Had a tight stop at $68.11 just in case it went badly. Pretty tight stop but it's back to being disciplined and not being a shmuck. I was looking to make about £880 and risking £152.

It did rally initially however, market weakness took over and it ended up hitting my stop. I saw the bearish engulfing candle and sold a bit earlier before it could hit my stop loss so I only took a loss of £-55.

Small loss but this for me is to build up proper discipline. In a declining market period, I need to be comfy taking my losses small and allowing my wins to be big.

Don't think I'll be taking anymore trades today but hope this is a valuable contribution!