I missed the entry and now chase the price
What to do now
Do not enter at market. Mark the setup as missed. Wait for the next one or for a pullback that your plan allows.
The setup worked, you were not in, and now you want to enter at a worse price.
Protocol
- A missed setup is closed. No late entries unless the plan defines them.
- Recalculate the risk to reward at the new price. Below your minimum, skip.
- Log missed setups to see how often it happens.
Checklist before the next trade
Why this happens and what is dangerous
The brain counts a missed profit as a loss. A move without you is hard to watch.
A worse entry means a wider stop or a smaller reward. The trade no longer matches the one you tested.
Short statements for this situation
- A missed trade is not a lost trade.
- I wait for the price to come to me.
- The best entry is the one in my plan.
- There is always another setup.
- I do not pay more for the same idea.
Related
This is a practical protocol for trading behavior, not medical advice or treatment, and not a promise of profit.