Have you done any reading up on soapmaking before you tried your first batch? Once you have gotten your oils and Lye/water mixture down to the temperatures they need to be to mix (usually between 90 and 100 degrees), you add your lye solution to your oils and stir. I usually stir for the first three to five minutes byt hand to get a feel for the mix.Then I mix with a stick blender on low for about ten seconds at a time. Trace happens as the oils begin to saponify, that is the lye starts doing its job. The mix will start to thicken up a bit, and if you feel your pot on the outside, it will start to heat up a little. Light trace is when it is no longer "watery" but starting to thicken. Medium to heavy trace is when you remove your stick blender and can still see the circle where it was. This is when you pour into your mold. You used Olive oil at a pretty decent amount - olive oil takes a while to trace. I am assuming because you said you just made your first batch, that it is in the mold already. If so, were you maybe wondering about "gel" stage? You really need to be very well informed about the whole procedure before getting into it. Lye can be dangerous as well as destructive - on my first batch, I had too much for my mold and dumped the leftover down the drain. Imagine my surprise a few days later when my cabinet under the sink was flooded because the raw soap had sat there in the drain long enough to eat through our old plumbing. So read read read!!!!Then read some more!!!!!