A Lesson from Chasing the Copper Rally

Thought I'd share a recent reminder about sticking to the plan, especially in fast-moving commodity markets. Back when copper ($HG_F) was making its run earlier this year, I had a pretty good entry and was up a decent amount. My target was based on a resistance level from a few months prior, and my stop was trailed up to a logical support. Everything by the book, right?

Then the chatter started picking up, analysts upgrading price targets, headlines screaming about electrification and supply deficits. I let the FOMO get to me. Instead of taking profit at my original target, I moved it higher, then higher again, convinced it was just going to keep running. Didn't even consider scaling out. Of course, it hit my original target, chopped around for a bit, and then promptly reversed, taking out my moved-up stop for a much smaller gain than it could have been. Not a loss, but definitely left a lot on the table and felt like a psychological hit. Just a classic case of letting greed override the strategy. The lesson: have a plan, execute the plan, and don't let the noise mess with your head.