Tag: Fear

  • Trading the Void: My First XOM Scalp

    Trading the Void: My First XOM Scalp

    Today was the first active step in the trading journey I’m documenting here. I traded Exxon Mobil (XOM) using a 1-minute chart strategy, but the real chart wasn’t on the screen—it was in my head.

    The Entry: The Grip of Fear

    When I put the money in, I felt fear.

    It’s an honest admission. Despite the preparation and the capital, that initial “Buy” click triggers a survival response. The mind immediately starts calculating the “what ifs.” This is the hurdle every trader must clear. If you can’t act while feeling that fear, you can’t follow a strategy.

    The Setup: The “One Candle” Rule

    I didn’t trade on a feeling; I traded on a mechanical signal.

    • The Logic: I waited for the market open to define a range. I identified a Bullish Order Block—a specific red candle on the 1-minute chart where institutional buyers stepped in.
    • The Execution: I entered as a green candle broke above that block, setting an automated One-Cancels-Another (OCA) order.
    • The Numbers: Entry at $149.35, Stop Loss at $148.31, and a Limit Sell at $150.31.

    The Exit: The Power of Feeling Nothing

    A few minutes later, the trade hit the target. The order filled at $150.31 and the position closed.

    When the sale closed, I didn’t feel anything.

    This is the most important lesson I learned today. In the beginning, there is fear, but the goal is to reach a state of total detachment. If you are thrilled by a win, you are just as vulnerable as when you are terrified by a loss.

    Why “Boring” is Better

    Trading requires a cold, mechanical approach. If I am emotional, I am a “Paper-Handed Rabbit” or a “FOMO Monkey.” If I am detached, I am the Zen Bull.

    Today’s success wasn’t the $28.80 profit. The real success was reaching that state of “boring” neutrality. That is the only way to provide value and service to this journey in the long run.

    Metric Value Technical Context
    Asset Exxon Mobil (XOM) Chosen for liquidity and sector strength.
    Strategy One Candle Rule 1-Minute Bullish Order Block.
    Entry Price $149.35 Triggered on the break of the 15:31 red candle.
    Stop Loss $148.31 Protective floor to prevent the “CRASH” fear.
    Take Profit $150.31 2:1 Reward-to-Risk ratio target.
    Outcome Filled (Win) Order closed automatically via IBKR.
    Net Profit $28.80 Collected from 30 shares.