Checking in on last week's review: TFT Royal Pro 25k Phase 1 Review – Week 20
For Week 21, I took 6 trades, focusing on these pairs:
- XAUUSD
- USDJPY
- EURUSD
The week wrapped up with a net profit of $63.30 (+0.30%). My 5-day average profit per winning trade was $33.00, while my average loss per losing trade was $11.90.
My win rate for the 5 trading days was 50.0%, and my cumulative win rate now stands at 45.1%. The current drawdown on the account is $-71.26 (-0.29%)
Summary of the week:
Monday: One loss. (-$10.60)
Tuesday: Couldn't find any trading opportunities, so no trades.
Wednesday: One win. (+$39.40)
Thursday: One win, one loss. (-$10.56)
Friday: One win, one loss. (-$45.06)
Review of This Week’s Performance:
This week's performance wasn't great. I had instances of premature entries and also traded during the Asia Session. However, my risk management was exceptionally good, which significantly compressed the losses caused by those mistakes.
Journaling: ✅ Completed.
Emotional control: ✅ Achieved.
Eliminating wishful thinking: ✅ Achieved.
Avoiding adding to losers: ✅ Achieved.
Awareness of High Impact News: ✅ Achieved.
Adherence to Trading Sessions: ⚠️ I traded in the Asia Session again.
Limiting trade frequency: ✅ Achieved.
Following Trading Rules: ⚠️ I made premature entries.
Week 22 Goal:
I need to ensure I execute my trading process properly. This means conducting evaluations without making predictions, and remembering that the prime trading time begins after 8 AM.