Lesson Learned: The Cost of Chasing a Breakout on $SPX

Had a rough lesson this past week trying to chase what I thought was a clear breakout above 5200 on the $SPX. My typical strategy is to wait for confirmation, but I got FOMO watching it grind higher and jumped in. Naturally, the moment I committed size, it wicked back down, triggering my stop almost immediately. The real kick in the teeth? It then reversed and went exactly where I initially expected it to go, just after I'd been shaken out. It's a classic reminder that patience isn't just about waiting for entry, but also about resisting the urge to deviate from your process, no matter how convincing the immediate price action looks. Cost me a decent chunk of PnL and a hit to confidence.