Checking in on last week's review: TFT Royal Pro 25k Phase 1 Review – Week 24
For Week 25, I took 3 trades, focusing on these pairs:
- USDJPY
- EURUSD
This week concluded with a net loss of $88.18 (-0.35%). My 5-day average profit per winning trade was $0.00, while my average loss per losing trade was $29.39.
My win rate for the 5 trading days was 0%, and my cumulative win rate now stands at 43.8%. The current drawdown on the account is $-201.98 (-0.81%).
Summary of the week:
| Monday | One loss | -$49.68 |
| Tuesday | Two losses | -$38.50 |
| Wednesday | Suspended from trading. | No trades. |
| Thursday | Suspended from trading. | No trades. |
| Friday | Suspended from trading. | No trades. |
Review of This Week’s Performance:
This week's performance was terrible. I made a lot of mistakes. Even though I'm an intraday trader, I held a position overnight on Monday. Worse, I started trading during the Asia Session on Tuesday. I had forbidden myself from doing this and hadn't made that mistake in a long time, but on Tuesday, I did it anyway. It felt like something was compelling me to make bad decisions.
The only positive thing is that I suspended myself from trading for three days, which stopped the potential for further losses.
| Journaling | ✅ Achieved. |
| Emotional Management | ✅ Achieved. |
| Eliminating wishful thinking | ✅ Achieved. |
| Avoiding adding to losers | ✅ Achieved. |
| Awareness of High Impact News | ✅ Achieved. |
| Adherence to Trading Sessions | ❌ Traded in the Asia Session again. |
| Limiting trade frequency | ✅ Achieved. |
| Following Trading Rules | ❌ I actually held a position overnight. |
Week 26 Goal:
Focus on executing my next trade well and patiently wait for A+ setups. I need to get a profit and end this losing streak.