Trading is not always smooth sailing, and this week I experienced two breaches on my funded accounts. The first was a 6-month-old 100k Rapid account that was within 0.5% of breaching. The second was a new 10k account that I got funded while participating in the TFT King's Tournament. While these breaches can be discouraging, it's important to stay level-headed and learn from them.
One lesson I've learned is to pay attention to account drawdown usage when swinging or trading Asia then NY. Additionally, I need to detach emotion from the result on accounts in drawdown. It's easy to get caught up in the moment and panic, but it's important to stick to my plan and preserve my mental capital.
To do this, I plan to stop babying accounts in drawdown and focus on executing my plan. I have demonstrated that I can consistently get funded, and passing phase 1 MFF 200k today is evidence of that. However, I still need one additional trading day to fully pass.
It's important to remember that trading is a math equation, and if executed properly, you will win over time. Even during losing streaks, I must preserve capital until it passes. Observing my thoughts and feelings and allowing instinct to take over to achieve flow is also crucial.
To bridge the gap between live and evaluation execution and aggression, I need to get back on my routine and not allow drawdown to influence execution on qualified setups. By doing this, I can continue to grow and succeed in my trading journey.
US30
3 Days of Rise into PFH outside PD High.
Price broke down inside and retested 50 Fib/ PD High.
Entered Short targeting Initial Balance High.
Clean 1:4
NAS100
Entered late waiting for UOM Data Release at 10 am.
PFH Outside M/T Initial Balance.
Entered Short targeting 38/ Initial Balance 50%.
1:2
USD/JPY
Missed setup in NY both Thursday & Friday
Textbook Day Count
Focus on timing to avoid ignoring early signs of continuation or breakout
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