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Hello traders,
After several weeks of strong momentum, gold took a breather, trading within a narrowing range and showing signs of consolidation. While price action varied across markets, this week we're shifting the focus to something just as important as any chart—the mindset behind trading decisions and the foundation of risk management.
From the expectations we bring into each trade to the tools we rely on to protect our capital, the psychological and practical side of trading often determines long-term success. Understanding how to set realistic goals—and knowing why tools like the Stop Loss aren’t just optional—can make all the difference in a trader’s journey.
The key economic events of the week included: |
- JOLTS Job Openings (USD) – a measure of labour market demand
- US Q1 GDP (USD) – early estimate of economic growth
- Non-Farm Payrolls (USD) – key data on job creation
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| How expectations affect our decisions and results | Expectations shape how we trade, how we react to wins and losses, and what goals we pursue. In the third part of our psychology series, we look at the deeper impact of expectations—and how understanding them can help you build a healthier trading mindset. | |
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| “Don’t panic or try to revenge trade to win it back quickly” | Panicking when trading is not worth it, in the vast majority of cases it only leads to unnecessary losses. After a series of losing trades it is much better to take a break from trading, organize your thoughts and focus on something else. In the long run, it will definitely pay off more, as our new FTMO Traders have found out. | |
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| Why trading without a Stop Loss is not a good idea | Some traders believe they can manage trades without a Stop Loss. While institutions might have the capital and infrastructure to do so, retail traders should think twice. In this article, we break down why a Stop Loss isn't just protection—it's a key part of long-term risk control. | |
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Trade up to $200,000 |
on an FTMO Account |
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