Sunday 25th August: Trading Reflection -Learning from Mistakes and the Power of Taking a Break

Published on 25 August 2024 at 08:05

This week’s trading presented both opportunities and challenges that highlighted areas for improvement in my strategy and mindset. The EUR/USD trade was initially executed with precision, demonstrating a strong understanding of market conditions and a strategic entry at a key support level. However, due to external psychological stress, I prematurely closed the position, thereby missing out on the anticipated gains. Conversely, the XTI/USD trade was a clear example of poor execution and analysis conducted under unfavorable conditions, underscoring the critical importance of maintaining a calm and focused state of mind while trading.Recognizing these shortcomings, I have decided to take the upcoming week off from trading. This break is essential

for stepping back and reflecting on my recent performance, allowing me to recharge and regain focus. It will enable me to return with renewed energy and a sharper mindset, prepared to address the drawdown in the bootcamp program and to start generating consistent profits with the funded account I will be managing. By taking this time to unwind, I can ensure that I come back to the markets with greater discipline and a more robust trading approach, setting myself up for future success.

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