Checking in on last week's review:TFT Royal Pro 25k Phase 1 Review – Week 12
For Week 13, I took 16 trades, focusing on these pairs:
- GBPUSD
- USDJPY
- XAUUSD
- AUDUSD
- BTCUSD
The week concluded with a net profit of $26.92 (+0.11%). My 5-day average profit per winning trade was $18.72, while my average loss per losing trade was $8.54.
My win rate for the 5 trading days was 37.5%, and my cumulative win rate now stands at 41.4%. The current drawdown on the account is -1.46%.
Summary of the week:
Monday: Two wins, two losses.
Tuesday: One wins, three losses.
Wednesday: One wins, three losses.
Thursday: No trades. Feeling tired.
Friday: Two wins, two losses.
Review of This Week’s Performance:
I took a higher number of trades this week, and as expected, several of them were during the Asia Session, which didn't work out well in terms of win rate. Fortunately, my winning trades this week were larger, and I managed to keep my losses small, which allowed me to finish the week in positive territory.
Good job on keeping those losses contained.
Journaling: ✅ Completed.
Emotional control: ✅ Achieved.
Eliminating wishful thinking: ✅ Achieved.
Avoiding adding to losers: ✅ Achieved.
Awareness of High Impact News: ✅ Achieved.
Adherence to Trading Sessions: ⚠️ Despite revising the rules, I still participated in the Asia Session and London AM Session multiple times, and the success rate doesn't look great.
Limiting trade frequency: ⚠️ The trading volume was on the higher side. While it didn't affect my emotions this time, I need to be careful.
Following Trading Rules: ✅ Achieved.
Week 14 Goal:
Gradually build the account back up to $24,800 using 0.1% risk per trade.