Today the market opened with a strong gap-up, immediately creating bullish sentiment. Around 9:57 AM, price broke the day’s high, and within a short span it moved up to test yesterday’s high as well — a key resistance zone I was closely watching.
My Trade Setup
My plan was clear: wait for a proper retest instead of chasing the breakout. Patience paid off in terms of execution — the market retested the breakout zone, and I entered the trade according to my strategy.
Initially, the price held, but instead of continuation, the market started moving sideways. This is often a warning sign that momentum is weakening, but I stayed in the trade as my stop loss level was still valid.
What Went Wrong
After around 12:30 PM, the market showed a clear reversal. Selling pressure increased, my stop loss was hit, and I exited the trade with a loss of ₹1,524.
While losses never feel good, this was a controlled loss — and that’s what professional trading is about. Capital protection always comes first.
Key Lessons From Today
- Breakouts near major resistance levels can fail without strong volume confirmation.
- Sideways price action after entry often signals lack of momentum.
- Respecting stop loss is non-negotiable for long-term survival.
Every trading day adds experience points. The goal isn’t to win every trade — it’s to become consistently profitable over time.
The Bigger Mission
My focus remains unchanged:
- Grow trading capital step by step
- Improve decision-making and psychology
- Maintain discipline regardless of wins or losses
Tomorrow is another opportunity. Markets reward consistency, not emotions.
If you’re following my journey, stay connected. I share both wins and losses transparently because real growth comes from honesty.
See you tomorrow. 🚀
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