Checking in on last week's review: TFT Royal Pro 25k Phase 1 Review – Week 21
For Week 22, I took 9 trades, focusing on these pairs:
- XAUUSD
- USDJPY
- EURUSD
- GBPUSD
The week concluded with a net loss of $69.82 (-0.28%). My 5-day average profit per winning trade was $26.51, while my average loss per losing trade was $24.89.
My win rate for the 5 trading days was 33.3%, and my cumulative win rate now stands at 44.6%. The current drawdown on the account is $-141.08 (-0.56%).
Summary of the week:
| Monday | One loss | -$46.5 |
| Tuesday | One win | +$14.74 |
| Wednesday | One win | +$41.35 |
| Thursday | Two losses | -$60.0 |
| Friday | One win, three losses | -$19.41 |
Review of This Week’s Performance:
This week's performance was extremely poor, and my risk management was not good. Starting Thursday, I experienced consecutive losses, which led to some revenge trading tendencies and a lack of patience. My entry points were very poor, resulting in additional stop-outs.
Thursday was also the first day I took the antihistamine Xyzal, and my mental state on both Thursday and Friday wasn't good. It seems there might be a connection.
It's also possible that I haven't fully adapted yet to the increased risk per trade.
| Journaling | ✅ Achieved. |
| Emotional Management | ⚠️ I started to experience revenge trading tendencies during consecutive losses. |
| Eliminating wishful thinking | ⚠️ One trade's loss couldn't be reduced due to wishful thinking. |
| Avoiding adding to losers | ✅ Achieved. |
| Awareness of High Impact News | ✅ Achieved. |
| Adherence to Trading Sessions | ✅ Achieved. |
| Limiting trade frequency | ✅ Achieved. |
| Following Trading Rules | ✅ Achieved. |
Week 23 Goal:
Don't get discouraged. Just focus on executing your next trade well and patiently wait for those A+ setups.