Lesson Learned: The Danger of Scaling In Too Soon on $EURUSD

Looking back on a EURUSD trade from a few months ago, I still kick myself a bit for how I managed it. I had a clear directional bias and what I thought was a solid setup for a move higher. The initial entry was fine, but then price pulled back slightly more than I anticipated. Instead of sticking to my original plan and waiting for a clearer re-confirmation, I decided to 'average down' by scaling in another position. My rationale at the time was that I was getting a 'better price,' but what I was really doing was doubling down on a trade that hadn't yet proven itself. The market, as it often does, then continued to dip just enough to take out my stop on the now-larger position. It wasn't a catastrophic loss, but it was bigger than it needed to be and entirely self-inflicted by abandoning my process and chasing the 'better entry' instead of respecting the initial stop and waiting for a fresh setup. Live and learn, I guess.