First of all, I want to thank everyone in this forum, especially in this thread.
Special thanks to Mister XARD for his strategies, I am exteremly grateful to him for sharing his knowledge here.

Special thanks to Master Curioso for his detailed explanations and for trying his best to help new traders grasp the concepts.

Today I took a my first step , It was My First Trade:

I took this trade before leaving for the office today, setting both the Take Profit (TP) and Stop Loss (SL) in advance, as I cannot monitor my trades during the day due to my daily routine. Unfortunately, it hit the Stop Loss, and the trade ended.

I'm looking for suggestions on how I can improve.

Even though I’m in the UK, my job timings mean, that I miss the entire UK session and most of the active US session. I also considered and was suggested by worthy members to trade during the Asian session, but since I have to leave to work by 08:30 AM, that isn't a viable option for me.

Trade Details are as follows, I have attached screenshot of chart (with the trade plotted) and calculator
Risk: 5%
Entry Price (EP): 1.03192
Stop Loss (SL): 1.03000
Pair: EUR/USD
Lot Size: 0.26
I have used this for calculation of lot size = 50 / ((1.03192-1.03000)*100,000)

I’m also using Mister Xard’s calculator, where I entered $1000 as the balance and 5% target. However, calculation showed Lot size 1, which is approximately four times higher than 0.26) . Seems like I might be missing something here also

I’d really appreciate any suggestions from Master XARD, senior / experienced traders, especially those who are in the same time zone and are balancing both a full-time job and trading.

Thanks once again.

Mazi