My costly lesson in chasing breakouts

Hey everyone, just joined up here. Been trading for about five years now, mostly equities and a bit of forex. One lesson that really stuck with me – and cost me a good chunk – was during a particularly frothy period last year. I got caught up in the FOMO of a high-volume breakout in a tech stock, $NVDA specifically, after it had already run pretty hard. I bought in late, convinced it would just keep going, and then watched it immediately retrace, blowing past my mental stop loss because I was too stubborn to take a small loss. Ended up holding through a pretty deep correction before finally getting out with a significant hit to the account. Now, I'm much more disciplined about entry criteria and waiting for consolidations.