My costly lesson in chasing a CFD trade

Thought I'd share a personal CFD lesson from a few years back that still stings a bit. I was watching $DAX.de bounce pretty strongly off a key support level and, instead of waiting for a clear break or confirmation, I jumped in. My initial read was decent, but my execution was rushed. It started grinding higher, then just before my take-profit, it reversed sharply.

Now, the real mistake wasn't just the entry. It was my refusal to accept I was wrong. I moved my stop loss three times trying to give it 'more room,' convinced it would turn back. It didn't. Each move was just pouring good money after bad. Ended up taking a much larger hit than necessary, all because I couldn't admit I'd misread the bounce and should have cut it clean. Definitely learned the hard way about respecting the stop and not negotiating with the market.