Expiry day trading is not about prediction — it’s about execution under uncertainty.
Today was a perfect reminder of that.
What Happened Today
The market opened with a huge gap-up. On expiry day, that alone is enough to tell you one thing:
anything can happen.
The first move was a clean break of the swing high on the upside. That break triggered a valid setup according to my system, and I executed the trade exactly as planned by shorting the put option.
Within minutes, the market reversed sharply and hit my stop loss.
No hesitation. No adjustment. Just a clean stop.
After that reversal, price dropped and offered another opportunity on the downside. Once again, the setup was valid. Once again, execution was rule-based.
For a brief moment, the trade moved in my favour — and then instantly reversed again, taking out my stop.
Two trades. Two stops. Zero mistakes.
The Market Had No Direction — And That’s Normal
This wasn’t a trending day. It wasn’t a clean expiry move. It was a confused, two-sided market where both buyers and sellers were trapped.
That’s exactly the kind of day where disciplined traders take losses — and undisciplined traders take damage.
I accepted both outcomes without deviation because the responsibility of a trader is not to control outcomes, but to control behaviour.
Six Consecutive Stop Losses: Welcome to Drawdown
With these trades, I’ve now booked six consecutive stop losses.
That officially puts me back into a drawdown.
A drawdown never sends a calendar invite.
It never tells you how long it will last.
The only thing it tests is whether you can keep showing up and executing your edge without hesitation.
I’ve been through multiple drawdowns before. Every profitable trader has.
This one is no different.
Trading Psychology During Drawdowns
The brain naturally starts to panic when the equity curve dips.
That’s biology — not weakness.
But this is exactly where most traders break:
- They skip valid trades
- They widen stop losses
- They reduce size randomly
- They revenge trade
I do none of that.
Drawdowns are not avoided — they are managed.
And management comes from rules, not emotions.
The Only Job of a Trader
My job is simple:
- Follow my setup
- Respect my stop loss
- Accept uncertainty
- Repeat without hesitation
Results take care of themselves over a large sample size.
Expiry days will test your patience.
Drawdowns will test your belief.
Discipline is what keeps you in the game long enough to let probability work.
Final Thoughts
Losses are not failure.
Breaking rules is.
As long as the process is intact, the edge remains intact.
Tomorrow is just another trading day.
Frequently Asked Questions
Is it normal to hit multiple stop losses in a row?
Yes. Consecutive stop losses are a normal part of trading, especially during expiry sessions and sideways markets.
How do professional traders handle drawdowns?
By sticking to their rules, maintaining position sizing, and continuing to execute without emotional interference.
Is expiry day trading riskier?
Yes. Expiry days involve higher volatility, faster reversals, and increased uncertainty, making discipline even more critical.
