This week, I executed only two trades, both of which unfortunately underperformed, deepening my current drawdown. The primary reason behind this underperformance was heightened market volatility driven by unexpected macroeconomic events.The first trade, involving the EUR/USD pair, was adversely affected by unanticipated U.S. economic data that significantly strengthened the dollar.
This rapid shift caught many traders, including myself, off guard, leading to a swift market reversal that challenged my initial trade thesis.Similarly, my long position in XTI/USD faced substantial headwinds due to escalating geopolitical tensions, which further destabilized market sentiment
market sentiment. These macroeconomic events not only increased market volatility but also made effective risk management more challenging than usual.Reflecting on this week’s experience, I plan to take a more disciplined approach moving forward. My focus will shift toward identifying high-probability setups that align more closely with thorough fundamental analysis.
Additionally, I will implement stricter entry criteria to avoid initiating trades during periods of heightened uncertainty.By refining my strategy and prioritizing precision in trade execution, I aim to navigate future market challenges more effectively, ultimately improving my overall trading performance.
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