Checking in on last week's review: TFT Royal Pro 25k Phase 1 Review – Week 14
For Week 15, I took 6 trades, focusing on these pairs:
- XAUUSD
- AUDUSD
The week concluded with a net loss of $26.20 (-0.11%). My 5-day average profit per winning trade was $7.76, while my average loss per losing trade was $16.49.
My win rate for the 5 trading days was 50.0%, and my cumulative win rate now stands at 41.3%. The current drawdown on the account is -1.83%.
Still not performing well. Small wins, bigger losses.
Summary of the week:
Monday: No trades.
Tuesday: One win, one loss.
Wednesday: One win.
Thursday: One win, one loss.
Friday: One loss.
Review of This Week’s Performance:
This week, I strictly controlled the number of trades. However, I lacked the conviction to hold onto winning trades (and there weren't many good opportunities to begin with), so the wins were small. There were also two instances where I didn't exit losing trades early, resulting in full stop-outs, which made the average loss larger.
This could be related to market conditions, but I shouldn't readily externalize the issue. A trader's inability to profit is ultimately their own problem.
Journaling: ✅ Completed.
Emotional control: ✅ Achieved.
Eliminating wishful thinking: ✅ Achieved.
Avoiding adding to losers: ✅ Achieved.
Awareness of High Impact News: ✅ Achieved.
Adherence to Trading Sessions: ✅ Achieved.
Limiting trade frequency: ✅ Achieved.
Following Trading Rules: ⚠️ Didn't patiently wait for A+ setups.
Week 16 Goal:
Waiting for A+ setups to achieve positive growth in Week 16.