USD is at a critical level

I wrote here about potential bottoming of the USD. Now it looks that the DX might give up major resistance level. On the other hand we've seen the Trump rally making a false breakout early this year. 

The EUR is trying to break the 1.20xx level that is the 2012 July low. Aussie is making new high. CAD broke the 1.2500. JPY looks to break the 108.00. The yuan went total parabolic:

Lithium Sector Revisited

I wrote here about the LIT ETF that has made more that 50% gain since then:

There is a good article on Bloomberg about the Lithium demand. It suggests that the fundamentals are still very solid for LIT.

How Learning To Deal With a Loss

There is no doubt that my biggest psychological enemy in trading is the fear from losses. Handling losses properly could be the first step overcome this fear. 

There is a great post about the issue on www.newtraderu.com. Some key points:

"Recognizing your reactions is the easy part. The hard part is recognizing the part between the triggering event and your reaction."

"To become successful as a trader, you must put yourself into situations that will bring pain, suffering, and loss."

"So how do you stop this invisible force that seeks to protect you at the expense of financial disaster? You can’t."

"So if can’t we defeat ourselves or those defense mechanisms, what do we do? You learn to be aware. Sometimes, just being aware of what we are thinking and the feeling is enough to stop our reactions from hurting our trading. This is difficult for people to do, to be aware."