The market opened on a positive note today and continued its upward momentum during the first hour of trading. Buyers remained in control initially, pushing price to a new intraday high.
Market Structure and Trade Setup
At the highs, a doji candle formed, signalling potential exhaustion after the early rally. Shortly after this, the market began to lose strength and started forming lower lows. This shift in structure aligned perfectly with my predefined entry rules.
Based on this confirmation, I executed the trade without hesitation. The directional bias was correct, and the entry was taken strictly according to plan.
Stop Loss Hit – As Per Plan
Despite the correct bias, the market pulled back enough to hit my stop loss. This was not a mistake or an emotional decision — it was part of the system. Losses like these are expected and acceptable when trading with rules.
Importantly, I did not interfere with the trade or adjust the stop out of fear or hope.
Second Opportunity and Trade Management
After the stop loss, the market structure once again offered a second opportunity in the same direction. The setup appeared slightly challenging at first, but the market eventually resumed its decline.
The position moved in my favour, confirming the broader bias. However, the follow-through remained weak, and momentum failed to expand enough to reach the target.
End-of-Day Decision
As the session approached its close, price action continued to stall. With no meaningful progress and reduced time left in the market, I exited the position. The day ended with a small loss.
Key Takeaways
- Directional bias was correct
- Entries were rule-based and disciplined
- Stop loss was respected without hesitation
- No emotional interference during execution
- Outcome was a small loss, but process remained intact
Final Thoughts
Not every correct read results in a profitable day. This session was a reminder that trading is about consistency, not perfection. When execution is clean and rules are followed, even losing days are productive.
The focus remains unchanged: execute the plan, manage risk, and let probabilities play out over time.