Hello Traders!
I hope you had a great week, mine was pretty testing to say the least and not the best start but it’s only week 1 of trading for 2026.
Anyway, I am super grateful to be back to live trading again after 2 months of backtesting, it was getting very tiring!
Let’s dive into this week’s performance
(Tools I have used this week will be featured at the bottom of the blog – including discounts!)
Trading Performance
Monday – 3 losses (1 of which was invalid)
Tuesday – no trades
Wednesday – 1 no-tag, 2 losses (1 of which was a revenge trade)
Thursday – 1 loss, 1 cancelled order
Friday – no trades (USD PPI news day which is to be avoided based on my data)
A bad start from mathematical probabilities and mental performance.
Since I risk 0.5% per trade, this left the week at a loss of -3%
On my FTMO funded account, I am now down to -4% since I lost a few trades at the end of 2025 when I got funded.
A brutal start to the year but I will keep going regardless. Based on backtesting data for 2025 and 2023, February has been an extremely profitable month so I am confident the end of Feb will look prettier than the end of Jan.
The Revenge Trade (Wednesday)
I haven’t taken a revenge trade in a long time so I was quite appalled with myself after I had calmed down and realised what I had done.
Of course as far as revenge trades go, it’s on the lighter end since I did wait for my entry model to appear and I was still risking 0.5% per trade. However, the entry was forced via me breaking my POI (point of interest) zone rules instead of waiting for the proper refined zone (to which no trade would have happened if I had waited).
The Invalid Trade (Monday)
The invalid trade was me forgetting my rules and placing my SL wrong, leading to me being stopped out early.
There was an option for a re-entry which I took and the trade ended on a loss anyway.
In these situations, it’s hard to say if going for a re-entry is right. If I hadn’t re-entered and it was a true winner, then I would have been gutted, but since I did enter and it was a loss, it’s easier to say it’s better to not re-enter.
The obvious answer is I should have remembered my rules in the first place, but I’m human, I will make mistakes and I think if there is an option to re-enter based on the context of the situation, then I should.
Key Takeaway for the Week
If I need to take something from this week, it needs to be a re-fresh on my rules and a reminder to be patient to stop revenge trading getting in my head again.
Another thing to remember is that if this losing streak gets worse, it’s likely my mental performance will too. So a reflection of my backtesting data sheet and scanning through a handful of trades and looking at my overall equity curve, could be wise also.
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As promised, here are the tools I have used this week and a discount code for Magic Keys:
- Magic Keys (for 25% off, use code: MKMETEORTRADINGFX)
- TradingView
- FTMO (funded account challenge)
Check out the Tools page for more info
Thank you for taking the time to read this blog post, it means a lot to me.
See you next week and happy trading!
