Checking in on last week's review: TFT Royal Pro 25k Phase 1 Review - Week 22
For Week 23, I took 8 trades, focusing on these pairs:
- XAUUSD
- USDJPY
- EURUSD
- GBPUSD
This week wrapped up with a net profit of $4.61 (+0.02%). My 5-day average profit per winning trade was $63.26, while my average loss per losing trade was $20.32.
My win rate for the 5 trading days was 25.0%, and my cumulative win rate now stands at 43.9%. The current drawdown on the account is $-136.47 (-0.55%).
Summary of the week:
| Monday | One win | +$68.12 |
| Tuesday | One win | +$58.40 |
| Wednesday | Two losses | -$48.91 |
| Thursday | Two losses | -$29.60 |
| Friday | Two losses | -$43.40 |
Review of This Week’s Performance:
This week's performance was still poor. I had three consecutive losing days, with all six trades hitting their stop-loss. Fortunately, the larger profits from the first two days allowed me to retain a small overall profit for the week.
The upside is that my risk management was executed well, which helped limit the losses.
While I could say market conditions were more difficult, I shouldn't easily push the responsibility onto external factors. If I had filtered for even better setups before entering, I believe I could have preserved more of my profits.
| Journaling | ✅ Achieved. |
| Emotional Management | ✅ 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 | ✅ Achieved. |
Week 24 Goal:
Don't get discouraged. Just focus on executing your next trade well and patiently wait for those A+ setups.