Original plan was to follow trend (trend is your best friend) and execute a short on break-down (refer chart above: shorting the orange channel break-down). Shorts are well executed but the battle ground seems very treacherous. 2 gap ups are enough to convince me there is some strength in cocoa now despite previous breaks.
I am going to buy a few boxes of Koko Crunch, add chocolate milk, and eat the hell out of them to vent my cocoa anger when I have my breakfast later.
Below are the losses converted into (SD) Singapore Dollar (SGD).
S$ 125,378 - S$ 23,195
= + S$ 102,183 SGD