4.4% with 2% risk per position.
Disciplined Trading: A Weekly Recap
Last week, our trading team continued to focus on executing trades with a high degree of discipline. By adhering to our risk management guidelines, we were able to maintain consistent performance and protect our capital.
Breaking Down the Week
Let’s take a closer look at our trading activities for the past week.
Monday: Given the market’s volatility, we opted to remain on the sidelines for XAUUSD. By exercising patience, we avoided taking on unnecessary risk.
Tuesday: With a risk-reward ratio of 0.5%, we initiated a long position on XAUUSD. This cautious approach allowed us to participate in the market while limiting our potential downside.
Wednesday: No significant trades were executed. Our team continued to monitor the market for potential opportunities.
Thursday: We entered a long position on XAUUSD with a more aggressive risk-reward ratio of 1.5%. This decision was based on a thorough analysis of the underlying fundamentals and technical indicators.
Friday: We closed out all open positions and took the day to review our trading performance and make any necessary adjustments to our strategy.
