Yesterday was a big success.
I know that sounds strange. Let me explain.
After almost ten days of waiting I finally got a chance to place a trade. And to be honest — the trade did not go my way. The setup met every rule in my plan. But the trade ended in a loss. The price momentum was so strong that on my prop firm account the price completely ignored my stop loss. The account nearly got breached.
I still do not know whether it was scheduled news, unexpected volatility, or something else entirely. Whatever the cause, the move was fast enough that my stop was filled significantly beyond my intended price.
The Chart
As we can see from the chart, it was a massive move — almost 2% in Gold, which is significant. Price reacted sharply from the weekly support. This did not look like a normal market move. It was unexpected.
Unexpected things happen in the market. That is exactly where risk management becomes important. And even with proper risk management, a move like this occasionally gives you no chance to fill your stop loss at the intended level. It just runs straight through it.
Why I Called Yesterday a Success
After placing the trade I took a short nap. When I woke up, the damage had already been done.
I looked at the screen. I checked whether the trade was still open. It was not — it had closed way above the stop loss I had placed. I added all the details to my journal. Then I took a deep breath, closed all the tabs, shut down my laptop, and went for a walk.
As much as it hurt — I did not look back at the charts for revenge. I did not get angry. I did not hate the market. And somewhere during that walk, I felt something I had not quite felt before — complete control over my emotions.
Maybe for the first time, a loss made me realise how far I have come. I am not saying it did not hurt. I waited ten days to get into a good trade and it did not work out. But I followed my rules. I followed my plan. That is a victory in my book.
Later that evening I bought ice cream for me and my siblings. A small treat for playing it well.
I am not a big fan of quotes. But this is one I come back to when things do not go my way. It is from The Myth of Sisyphus by Albert Camus.
"One must imagine Sisyphus happy."
Bye for now, take care.
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