Analysis Reflection
Today’s trade on EUR/USD was a significant disappointment, not only in its outcome but in my execution and decision-making process. I entered the day well-prepared, having done my analysis in the morning and marked up my trading day correctly. I had clear levels in mind, along with the patience to wait for an A+ setup. Yet, when the time came, I deviated from my plan.
I entered a long position at a level that had already been broken.I impulsively took the trade, and price pushed straight through my level without hesitation. There was no valid reason for this entry—it lacked confluence and confirmation. This trade did not meet the standards I had set for myself today, and the frustrating part is that I knew it. My loss was not due to market unpredictability or an edge that failed—this was entirely my own doing. Poor observation, rushing into execution, and not being in a clear state of mind all played a role in this mistake.
Psychological Review
This isn’t just about one trade. It’s about a recurring pattern of lapses in discipline. I am beyond frustrated with myself because I know better. I have a profitable strategy. I understand what an A+ setup looks like. Yet, under pressure, I allowed emotion to override logic.
The thought of continuing to trade like this is unacceptable. I’ve given myself two more opportunities this week to prove that I can remain disciplined and execute properly. If I continue making these same mistakes, I will have to make a difficult decision—either take a long break or step away from trading entirely.
Action Plan for the Rest of the Week
1. Reinforce Discipline – I will strictly adhere to my trading rules, ensuring every trade meets all my criteria before execution.
2. Pre-Trade Checklist – Before entering any position, I will go through a structured checklist to confirm that I am executing an A+ setup.
3. Mindset & Patience – No impulsive trades. I will ensure I am in a calm, focused state before executing. If there’s hesitation, I will step back.
4. Accountability – I will review my trades thoroughly and ensure that I am honest with myself about my decision-making.
I refuse to let today’s mistake define my trading journey. The next few days will determine my path forward, and I will not let frustration dictate my choices.
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