The Goal I Am Focused Most On
I am working on letting go of my most active trading time (first 30 minutes of New York Session open) as it is a net negative to my performance.
Highlights / Wins To Celebrate
- TFD was kind enough to adjust a trading day for me due to platform data issues (Rithmic). I had a similar issue at another firm before, with pretty much the exact same fact pattern and they did not adjust my trades. Firms aren’t required to make adjustments, so I am thankful that TFD pulled through!
- I got a recommendation for the blog to bring in more visuals. I am developing a way that won’t take up my blog’s storage space. I enjoy working on little projects like this, and I’m planning on turning it into a report that I use long term for both prop firm trading and trading my personal account.
- I had a good week in my personal account. I’m considering a good way to incorporate both my personal account and my prop account into this blog, or may just keep it focused on prop trading. Either way, the amount I made in my personal account is a win to celebrate.
- I’m reluctant to share my personal account, because I consider it private.
- On the other hand, this blog is about accountability and my personal account is a part of that journey.
Lowlights / Things To Work On
- Back in drawdown: down $868.78 for the week in my assessment.
- I need to focus on avoiding the market open. I seem to have days where I avoid the open easily, and others where I just can’t help myself. I have three images at the end of this post from my trading reports.
- My average profit and loss per trade is lowest in the 8:30 to 9:00 AM CT interval. That is also the time interval that I trade the most.
- This time interval is a drag on my performance, by a substantial amount.
- I need to develop a habit of doing something completely unrelated to trading during this time. I am going to try stretching, exercising, meditating, reading, or listening to audiobooks and podcasts during this time. It will be interesting since this is my most active trading time interval.
- I also noticed my personal account is doing well lately. I suspect it is because it mostly avoids the opening 30 minutes since I primarily trade it after I am done with my prop account, and because I have less accounts I am dealing with (Just TFD and my personal).
Top Lesson
Pay attention to trading habits that show up in trading reports and statistics. It can open up areas of improvement, or areas to lean into.
Trading Week Grade
I give my week a B. It wasn’t good, but it wasn’t necessarily bad either. I think keeping my week to a $868.78 loss in assessment is acceptable. Not every week is a winning week. I did offset this with substantial gains in my personal account.
Trading Performance
The Futures Desk
- MON: Did not trade due to holiday
- TUE: $1,042.45 Profit
- WED: $2,431.05 Loss; +$1,442.32 adjustment
- THU: $1,498.95 Profit
- FRI: $2,421.45 Loss
- FULL WEEK: $868.78 Loss
- Evaluation Progress: +$6,334.07 / $12,001 | 52% complete
