Another losing trade in the same week, the bad streak does not stop. The trading signal was very bullish, volatility was within a reasonable range, so a high probability trade was set up. But things turned really bad even before regular trading hours.
The chart below says it all, where we got in (blue line) and where the stop loss was hit (red line) and protected us from further loss. More than another 100 points downside was coming, equal to $5000,- It is because of these types of events, you learn (again) that a hard stop loss is absolutely necessary. You can make more losing trades this way, and making having losing trades is inevitable. You should never allow one losing trade completely destroy your portfolio.