Weekly Overview #21 – Patience Prevents Losses & End of Month Breakdown

Hello Traders!

I hope you’ve had a great week.

For me, I was extremely patient this week and only waited for strong setup ideas. No winning trades but saved myself from a handful of losses.  

Let’s have a look.

(Tools I have used this week will be featured at the bottom of the blog – including discounts!)

Live Trading Info

EURUSD

London Session

FTMO Funded account start balance = $50,000

Risk per trade = 0.5% of account balance (x)

Take profit target = 3.3x risk per trade (y)

Risk:Reward ratio = x:y

Trading Performance

Last week, I spoke about recency bias & execution addiction since it had a very negative impact on my trading performance that week. All you need to know is that I successfully managed to overcome this by being extremely strict when it came to looking at my execution time frame (2-minute chart). 

It’s amazing how this has saved me from so many losses, as you can see below, and gave me a much clearer understanding of what price would most likely do and where I want to actually take trade ideas from. 

Monday – Avoided a low probability trade

Avoided a loss by actually reading the 15-minute chart narrative rather than just getting involved because an entry appeared. 

Tuesday – Avoided 2 low probability trades 

Same as Monday. I remained patient and reading the 15-minute chart narrative saved me from another 2 losses. 

Wednesday – Avoided a low probability trade

Again, saved myself from yet another loss by not getting interested in what the 2-minute chart was doing.

Thursday – Trade idea on GBPUSD, no trades on EURUSD

I could very clearly see nothing of value for this day on EURUSD so to stop me doom scrolling on Instagram, I decided to see what GBPUSD was doing. 

Since I have no data for how my strategy performs on GBPUSD, I was not interested in taking an actual trade – I just wanted to see if it could provide something when EURUSD is clearly not. 

There was a trade idea towards the end of the session and it would have been a very nice winner.

I don’t want to get ahead of myself just because of one win but it has perked my curiosity for generating some data for GBPUSD so that I am not limited to EURUSD. However, this is a very long term play and unlikely something I will dive into at least until I have had a payout from this funded account!

Friday – No trade day due to high impact news

USD Core PPI m/m & PPI m/m day and that’s on my list of news events for me to not be involved in the market. 

It’s not a significant event such as Non-farm Payrolls (NFP) but for me, I have generated data on this day via backtesting and it’s in my best interest to not trade when this news is happening later in the day. 

In summary, no wins but saved myself from further drawdown on my account. Had I taken all these trades for EURUSD this week, I would be down another 2% bringing my total drawdown to -7.5%. 

I expect weeks like this will now be a common theme. Since strong trade ideas don’t really come around that often, it will be more of a test for avoiding those low probability trade ideas to save myself from further drawdown.

Key Takeaway for the Week

This is what trading truly is. It’s very boring and not much happens aside from avoiding those low probability trade ideas and waiting for price to be in an area of value that makes it worth trading from. 

High levels of patience win the game in the long run. 

End of Month Breakdown

I want to start a new thing at the end of the month where I show you my PnL calendar and an overall quick summary of how the month went. 

PnL calendar:

In relation to the data I have gathered backtesting, February has not been as great of a month as I would have hoped. There is also a significant drop in the number of trades compared to my backtesting, which is around 18 per month. However, I have missed a handful of wins and losses due to poor psychology and sleep for the majority of the month – but I have now fixed this so we just need things to play out a bit longer. 

I’ve learnt a lot this month, especially coming back into live trading after backtesting from December 2025 – Jan 2026.

The good thing here is that I now not only have data for my strategy but also data for myself. 

It’s now about combining the two and letting it all do its thing in the long run.

With this in mind March should be my first pay out month!

UPDATE: Winddown routine

This week I was 100% consistent with executing this as I am supposed to. I was in bed and ready to sleep at 9/9:30pm every night this week with an alarm at 7am. 

I found myself naturally waking up at around 6:45pm on average which gave me time to get moving and start the day on a strong note. 

It heavily paid off this week as you can see by the plethora of losses I managed to avoid.

Just got to keep it up! 

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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!