Lesson Learned: Not respecting the daily close

Hey everyone, new here. Been trading for about 7 years now, primarily equities and FX. A costly lesson early on was not respecting the daily close for stop-loss management. I'd frequently move a stop-loss just before the market closed, rationalizing that the move was temporary and it would reverse overnight. More often than not, it would gap further against me, turning a manageable loss into a significant draw down.

Now, my rule is firm: if the daily candle closes beyond my predetermined stop, the position is closed, no questions asked. It's saved me from a lot of unnecessary pain and forced me to stick to my original thesis or admit it was wrong sooner. The extra 1% I might gain from holding overnight doesn't justify the potential 10% loss.